capital gain

Transactions Not regarded as 'Transfer' [Section-47] for Computing Capital Gain. Under Section 47, the following transactions are not regarded as transfers. Hence any gain arising from such transactions is also not taxable under the head 'Capital Gains'.

If indexation is linked to the period of holding the asset and in the case of an assessee covered under section 49(1) of the Act, the period of holding the asset has to be determined by indicating the period for which the said asset was held by the previous owner, then obviously in arriving at the indexation, the first 

Originally posted by : harish kumar
	how to calculate revenue leakage in concurrent audit

https://www.wirc-icai.org/material/Revenue-Leakage-Frauds-171112.pdf