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of <h1>Clause 75 of Income Tax Bill 2025 Revises Capital Gains Calculation for Depreciable Assets to Prevent Tax Avoidance.</h1> Clause 75 of the Income Tax Bill, 2025, introduces changes to the calculation of capital gains for depreciable assets by adjusting the cost of acquisition to reflect the asset's depreciated value. This aims to prevent tax avoidance by ensuring accurate capital gains calculations and aligning tax liabilities with economic realities. It contrasts with Section 50A of the Income Tax Act, 1961, which also adjusts the cost of acquisition for depreciable assets but references different sections for its application. Clause 75's integration with Sections 72 and 73 suggests a broader approach to managing capital gains and losses, enhancing tax planning opportunities.
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