Bharat’s Capital Gains (Law, Practice & Litigation) by CA. (Dr.) Akash Garg – 1st Edition 2026.

Capital Gains taxation is undergoing a massive structural shift under the Income-tax Act 2025. Bharat’s Capital Gains (Law, Practice & Litigation) is an authoritative, purpose-built desk reference that bridges statutory academic analysis with practical, boardroom-level direct tax advisory. Authored by CA. (Dr.) Akash Garg, this 2026 edition systematically dismantles the complexities of the new charging architecture, the computation engine, and the critical reinvestment exemptions that drive modern tax planning.

Structural Breakdown: The 2025 Legal Framework

The book is organized into eight distinct parts, moving logically from the foundational charging architecture through to high-stakes corporate litigation strategies:

• Part I & II: Architecture & Computation: Understand exactly what constitutes a “transfer” and master the mechanics of computation under the 2025 Act. Includes granular analysis of the Cost of Acquisition, Cost of Improvement, and Expenditure on Transfer.

• Part III: Special Computation Regimes: Essential reading for active investors and corporate advisors. Covers the specific capital gains treatment of Market Linked Debentures, Specified Mutual Funds, Unlisted Bonds, and Business Trusts. Furthermore, it dissects complex corporate transactions including Liquidation, Buybacks, Conversion, and Slump Sales.

• Part IV: Reinvestment Exemptions (Crucial for Real Estate): An exhaustive look at wealth preservation. Covers exemptions on Residential Houses (navigating the ₹10 Crore Cap and the Section 86 trap), Agricultural Land (the three-layer framework and RFCTLARR carve-out), and Specified Bonds (the ₹50 Lakh route).

Litigation Strategy & Practitioner Tools

Unlike pure academic texts, this book is built for practice.

• Litigation & Case Studies (Part VII): Details effective litigation strategies and judicial principles, supported by real-life case studies and scenarios.

• Procedural Infrastructure (Part VI): Clarifies documentation, reporting requirements, and the specific procedures for Reference to a Valuation Officer under Section 91.

• Practitioner Reference (Part VIII): Features highly actionable tools including FAQs for professionals, procedural checklists, complete section mapping, and the latest Tax Rate Charts for Capital Gains.

Who Should Buy This Book?

• Chartered Accountants & Tax Consultants: The ultimate desk reference for structuring client portfolios, managing real estate transactions, and advising on corporate restructuring under the 2025 Act.

• Corporate Legal Counsel & CFOs: Essential for navigating the tax implications of slump sales, buybacks, and indirect transfers.

• High-Net-Worth Individuals & Real Estate Investors: Provides the exact legal frameworks required to optimize reinvestment exemptions (Section 54 series) and preserve long-term wealth.

About the Author

CA. (Dr.) Akash Garg CA. (Dr.) Akash Garg is a prominent Indian Chartered Accountant, taxation scholar, and corporate adviser specializing in direct tax litigation and financial reporting. Holding a Ph.D. in Taxation from Lucknow University, his professional expertise is unique in that it successfully bridges rigorous, statutory academic analysis with highly practical, boardroom-level direct tax advisory.

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