Section 48 → Section 63
Mode of Computation of Capital Gains
Quick Answer
Section 48 of the Income Tax Act, 1961 (Mode of Computation of Capital Gains) corresponds to Section 63 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 48
Provision Summary
Defines calculation: Full Value of Consideration minus Cost of Acquisition (indexed) and transfer expenses.
Sec 63
Provision Summary
Retained. Indexation rules simplified. The new system auto-fetches the Cost Inflation Index (CII) based on the asset purchase year.
Key Changes & Highlights
- Grandfathering clauses for shares bought before 2018 hardcoded into the portal's logic.
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Frequently Asked Questions
What does Section 48 of the Income Tax Act 1961 deal with?
Section 48 (Mode of Computation of Capital Gains) Defines calculation: Full Value of Consideration minus Cost of Acquisition (indexed) and transfer expenses.
What is the new section number for Section 48 under the Direct Tax Code 2025?
Section 48 of the ITA 1961 maps to Section 63 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 48 under the new tax code?
Section 48 is marked as "Retained" with status "Active". Impact: Very High - Governs the exact tax payable on real estate and stock market profits.
What are the key changes to Section 48 under DTC 2025?
Grandfathering clauses for shares bought before 2018 hardcoded into the portal's logic.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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