Computation of income from special sources presumes full allowance of losses and deductions under the Code.

Income from a special source is computed either by applying the capital gains provisions where the income arises from transfer of equity shares or equity-oriented fund units chargeable to securities transaction tax, or by reference to accruals or receipts for other income. The computation is presumed to have given full effect to all losses, allowances and deductions; written down value and depreciation-related allowances are computed as if those deductions were claimed and allowed, and common costs attributable to the special source are determined in the prescribed manner.

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