https://www.taxtmi.com/acts?id=51598 Section 67 charges gains from transfer of capital assets to tax under the head Capital gains in the year of transfer and prescribes special charging rules: insurance receipts for destruction under enumerated events are deemed full consideration for capital gains and valued for section 72; gains under non exempt unit linked policies are taxable with prescribed computation; conversion to stock in trade defers tax until sale with FMV at conversion deemed consideration; beneficial owner securities transfers are taxed to the beneficial owner with FIFO cost/holding; transfers to firms where transferor becomes partner are taxed to the transferor with book value deemed consideration; reconstitution receipts are taxed to the specified entity by A = B + C - D with limited adjustments; compulsory acquisition and later enhancements are separately taxed when received and recomputed if reduced; specified real estate share receipts are taxed on issue of completion certificate using stamp duty value; repurchase or termination of certain units yields capital gains equal to repurchase price minus capital value. en-us Wed, 13 Aug 2025 19:01:16 +0530 Mon, 25 Aug 2025 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51598 Section 67 charges gains from transfer of capital assets to tax under the head Capital gains in the year of transfer and prescribes special charging rules: insurance receipts for destruction under enumerated events are deemed full consideration for capital gains and valued for section 72; gains under non exempt unit linked policies are taxable with prescribed computation; conversion to stock in trade defers tax until sale with FMV at conversion deemed consideration; beneficial owner securities transfers are taxed to the beneficial owner with FIFO cost/holding; transfers to firms where transferor becomes partner are taxed to the transferor with book value deemed consideration; reconstitution receipts are taxed to the specified entity by A = B + C - D with limited adjustments; compulsory acquisition and later enhancements are separately taxed when received and recomputed if reduced; specified real estate share receipts are taxed on issue of completion certificate using stamp duty value; repurchase or termination of certain units yields capital gains equal to repurchase price minus capital value. Act-Rules Income Tax Wed, 13 Aug 2025 19:01:16 +0530 https://www.taxtmi.com/acts?id=51598