Income-tax Act, 1961
Section - 48 - Mode of computation
Mode of computation.48. The income chargeable under the head "Capital gains" shall be computed, by deducting from the full value of the consideration received or accruing as a result of the transfer of the capital asset the following amounts, namely :-
| (i) | - | expenditure incurred wholly and exclusively in connection with such transfer; |
| (ii) | - | the cost of acquisition of the asset and the cost of any improvement thereto: |
| - | 48a[Provided that the cost of acquisition of the asset or the cost of improvement thereto shall not include the deductions claimed on the amount of interest under clause (b) of section 24 or under the provisions of Chapter VIA. | |
| - | Explanation 1.-For the removal of doubt, it is hereby clarified that the cost of acquisition of a unit of a business trust shall be reduced and shall be deemed to have always been re .... To read the full section download the app from Google Play store
24 October 2026
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