Tax on capital gains: companies face separate treatment for bonus-share gains, property gains and remaining income.

Companies with capital gains must compute tax by segregating bonus-share gains-taxed separately with a reduction tied to the face value of bonus shares-and by taxing gains from buildings, lands or rights in them at a higher rate and the balance of other capital-asset gains at a lower rate; thereafter tax on the remaining income is computed as if total income were reduced by the capital gains already taxed.

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