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of <h1>Income Tax Bill 2025: Clause 77 Details Capital Gains Calculation for Slump Sales, Requires Accountant's Net Worth Report</h1> Clause 77 of the Income Tax Bill, 2025, outlines the computation of capital gains for slump sales. Profits from such sales are treated as long-term capital gains unless the asset was held for 36 months or less, in which case they are short-term. The net worth of the transferred undertaking or division is deemed the cost of acquisition. Fair market value is considered the full value of consideration. Assessees must submit an accountant's report certifying the net worth. Net worth is calculated as total assets minus liabilities, ignoring revaluation changes. Depreciable assets use written down value, while certain assets may be valued at nil.
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