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of <h1>Section 72 changes: capital gains computation clarified, indexation restricted to section 197(3)(b), new foreign-currency exchange-rate rule</h1> Section 72 prescribes computing capital gains as full consideration less specified deductions, with exclusions for certain interest and securities transaction tax; both Bill and Act align on core mechanics but differ in detail. The Bill left indexation to 'cases, as prescribed,' while the Act confines indexation to item B of section 197(3), narrowing discretion. The Act clarifies that a prescribed deduction for specified entities is additional to subsection (1) deductions. Crucially, the Act adds an express rule prescribing the exchange rate for foreign-currency conversions, reducing uncertainty for non-residents; other changes are largely drafting refinements.
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