Special provision for computation of capital gains in case of depreciable assets.

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..... ct or under the Income-tax Act, 1961 (43 of 1961) or under the Indian Income-tax Act, 1922 (11 of 1922), the provisions of sections 72 and 73 shall be subject to the provisions of sub-sections (2), (3) and (4). (2) If, during the tax year, the full value of consideration received or accruing for the transfer of one or more assets in a block of assets exceeds the total of the following:-- (a) ex .....

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..... ng as a result of such transfer or transfers shall be deemed to be short-term capital gains. - Clause 74 of the Bill provides for special provision for computation of capital gains in case of depreciable assets. The said clause seeks to tabulate the methodology for arriving at the cost of acquisition for different capital assets.
Statute, statutory provisions legislation, law, enactment, Act .....

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