Capital gains
Individuals and NRIs
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On demand
The sale price is only the starting point of a capital-gains calculation. TheTaxCo traces the asset’s acquisition and ownership, works out the gain or loss, and reviews withholding, payment timing and any relief relevant to the transfer. We carry the completed working into the owner’s return, file the applicable claims and follow up on the processing result.
A review before signing can also show how much cash may remain after tax and what action a proposed relief requires. If the sale is already complete, we identify the remaining payment, evidence and return steps from the actual dates.
The asset history determines the working
Property bought directly, inherited land, gifted shares and securities acquired through corporate actions can have different cost and holding-period rules. Joint ownership requires each person’s share to be established from title and funding records rather than assumed from the bank account receiving the money.
We first test whether the event belongs under capital gains. Business stock, salary-related receipts and other income cannot be classified solely by calling them an investment. The governing law follows the relevant transfer and income period; income from 01-04-2026 falls under the Income-tax Act, 2025. Asset classification, computation, exemptions and special-rate provisions must be applied together. Income-tax Act, 2025 as amended.
A planned gift, restructuring or buyback also deserves a transaction-specific review. This page does not apply one tax rate or holding period to every disposal.
What the calculation explains
The working identifies the legal owner, asset type, acquisition dates and transfer event. It sets out the consideration used for tax, allowable cost and expenses, any relevant valuation requirement, and the resulting gain or loss. Where legislation substitutes a value or provides a special computation, the reason is documented.
Potential relief is tested against the owner’s eligibility, the asset transferred, the proposed reinvestment and the required action dates. We distinguish a relief that is already supported from one depending on a future purchase, deposit or other step. A statement that sale proceeds will be reinvested is not evidence that every condition has been met.
Tax withheld by the buyer or intermediary is reconciled with the credit records. Withholding is a payment towards tax and may differ from the final liability. The gain is then incorporated into the annual estimate so that advance-tax and return work use the same transaction.
Documents by asset type
Asset or transaction | Records needed to establish the calculation |
|---|---|
Property | Purchase and sale documents, ownership shares, payment trail, improvement bills and transfer expenses |
Inherited or gifted asset | Inheritance or gift evidence, earlier ownership and cost records, and relevant valuation support |
Shares and securities | Broker statements, contract notes, acquisition lots, corporate-action history and transaction charges |
Jointly owned asset | Title, funding evidence, each owner’s share and withholding allocated to each person |
Proposed relief | Reinvestment documents, payment dates and evidence of the conditions specific to the claim |
Old records can take time to obtain. We begin with independently dated documents and list the remaining evidence needed. An estimate with uncertain cost is clearly distinguished from a supported final computation.
Deliverables, scope and timing
You receive the asset-history schedule, capital-gains computation, withholding reconciliation and a list of relief or payment actions. The computation states its assumptions and identifies any valuation or title issue for the relevant eligible expert to resolve.
We complete the computation, related return filing and relief claims for the disposals identified in the engagement, and follow up on processing or subsequent queries. Where the transaction requires conveyancing, a title opinion or a valuation report, the relevant legal or valuation expert handles that work. You approve the ownership facts and provide the evidence needed for each claim; we record which owners, assets and reporting periods the work covers.
Preparation time depends on the number of transactions, acquisition history, co-owners and the availability of older records. For a proposed sale, send the papers before the commercial completion date. A relief deadline is calculated from the applicable provision and actual event; it cannot safely be inferred from the return filing date alone.
Questions before or after a sale
Can I use only the broker’s tax report? It is useful, but we check whether it contains the full acquisition history, transfers between brokers and corporate actions. Missing cost data can change the result.
I inherited the property and have no purchase invoice. Bring the succession documents, earlier title records and whatever cost evidence exists. We identify which valuation or supporting records the applicable computation needs.
Does the buyer’s TDS settle my tax? No. The final calculation considers the gain, other income and eligible relief. It may produce an additional payment or a refund.
Do all co-owners need separate calculations? Each owner’s return needs a supportable share of consideration, cost, expenses and credit. A shared evidence pack can support those separate workings.
Related services
Email TheTaxCo, message us on WhatsApp or book a call. Share the asset type, acquisition method, expected or completed transfer date and whether it is jointly owned.