section 52 of Income Tax act 1961
Consideration for transfer in cases of understatement [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]
section 53 of Income Tax act 1961
Exemption of capital gains from a residential house [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.]
section 51 of Income Tax act 1961
Advance money received Where any capital asset was on any previous occasion the subject of negotiations for its transfer, any advance or other money received and retained by the assessee in respect of such negotiations shall be deducted from the cost for which the asset was acquired or the written down value or the fair
section 54 of Income Tax act 1961
Profit on sale of property used for residence (1) Subject to the provisions of sub-section (2), where, in the case of an assessee being an individual or a Hindu undivided family, the capital gain arises from the transfer of a long-term capital asset, being buildings or lands appurtenant thereto, and being a residential house, the
section 54A of Income Tax act 1961
Relief of tax on capital gains in certain cases [Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972. Original section was inserted by the Finance Act, 1965, w.e.f. 1-4-1965. The Direct Tax Laws (Amendment) Act, 1989 has deleted section 54A, dealing with relief of tax on capital gains on transfer of property held under
section 54B of Income Tax act 1961
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer of a capital asset being land which, in the two years immediately preceding the date on which the transfer took place, was
section 54C of Income Tax act 1961
Capital gain on transfer of jewellery held for personal use not to be charged in certain cases [Omitted by the Finance Act, 1976, w.e.f. 1-4-1976. Original section was inserted by the Finance Act, 1972, w.e.f. 1-4-1973.]
section 54D of Income Tax act 1961
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer by way of compulsory acquisition under any law of a capital asset, being land or building or any right in land or building,
section 50D of Income Tax act 1961
Fair market value deemed to be full value of consideration in certain cases Where the consideration received or accruing as a result of the transfer of a capital asset by an assessee is not ascertainable or cannot be determined, then, for the purpose of computing income chargeable to tax as capital gains, the fair market
Special provision for full value of consideration for transfer of share other than quoted share under section 50CA of Income Tax act 1961
Where the consideration received or accruing as a result of the transfer by an assessee of a capital asset, being share of a company other than a quoted share, is less than the fair market value of such share determined in such manner as may be prescribed8, the value so determined shall, for the purposes
