https://www.taxtmi.com/article/detailed?id=1120 Capital gains are classified by holding period into short term and long term; short term gains from exchange-traded equity on which transaction tax is paid receive preferential treatment while other short term gains are added to income. Long term gains are computed after indexation using the notified inflation index, but indexation is unavailable for assets on which depreciation was claimed. Land and building are distinct assets; stamp valuation authority values can be deemed to be the sale consideration for immovable property transfers, and partner-to-firm transfers use the book value recorded by the firm for the partner's capital gain computation. en-us Mon, 07 Feb 2011 16:32:09 +0530 Mon, 07 Feb 2011 16:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1120 Capital gains are classified by holding period into short term and long term; short term gains from exchange-traded equity on which transaction tax is paid receive preferential treatment while other short term gains are added to income. Long term gains are computed after indexation using the notified inflation index, but indexation is unavailable for assets on which depreciation was claimed. Land and building are distinct assets; stamp valuation authority values can be deemed to be the sale consideration for immovable property transfers, and partner-to-firm transfers use the book value recorded by the firm for the partner's capital gain computation. Articles Income Tax Mon, 07 Feb 2011 16:32:09 +0530 https://www.taxtmi.com/article/detailed?id=1120