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of <h1>How to compute capital gains: deductions, cost of acquisition, indexation rules, currency conversion, exceptions (sec.112A)</h1> Capital gains are computed by deducting from the full consideration the expenditure wholly and exclusively on transfer and the cost of acquisition and improvements (excluding amounts claimed as interest or certain Chapter VIA deductions). Special reductions apply to units of business trusts and specified transfers; amounts attributable to a specified entity may be included. For non-residents selling Indian company shares or debentures, cost, expenses and consideration are converted into the foreign currency originally used and reconverted. Indexation adjustments apply to long-term assets transferred before 23 July 2024, with statutory exceptions (including sec.112A assets and certain bonds), and securities transaction tax is not deductible. Definitions for indexed cost and Cost Inflation Index are prescribed.
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