1. In case of buy-back of listed shares by a company, tax implications would arise in the hands of:

2. A capital asset was subject to negotiation and an advance was received on 17th July 2015. The negotiations failed and the advance money was forfeited. The advance shall be treated in which of following manner?

3. Which of the following would be regarded as transfer?

4. Maya had bought 3,000 listed shares of a company on 25.04.2024 at ₹ 300 per share and STT was paid on it. The company announces and allots bonus shares in the ratio of 1:3 on 01.04.2025. After the allotment of bonus shares, the shares were sold by Maya on 10.06.2025 at ₹ 400 per share and STT was paid on it. Compute the amount of capital gain/loss in her hands for AY 2026-27. {CII – FY 2024-25: 363; FY 2025-26: 376}

5. XYZ & Co, a partnership firm, owns a house property which is utilized by the partners for their residence. On 30.06.2025, the firm sells the property at a LTCG of ₹ 3,50,000. Can the firm or partners claim exemption u/s 54?

6. A Ltd is 100% holding company of B Ltd. A Ltd transfers a capital asset (acquired in 2002 for ₹ 50,000) on 16.06.2025 for ₹ 3,70,000 to B Ltd. B Ltd is an Indian company, while A Ltd is a foreign company. The capital asset is transferred as stock-in-trade to B Ltd. Determine whether any capital gains shall be chargeable to tax in the instant case?

7. Mr Vaibhav sold his old residential house in April 2024 for ₹ 28,00,000. LTCG arising on transfer of old house amounted to ₹ 8,40,000. In December 2024, he purchased another residential house worth ₹ 5,00,000. The new house was however, sold in April 2025 for ₹ 14,00,000 (SDV of the new house was ₹ 12,00,000). What will be amount of taxable capital gains in the hands of Mr Vaibhav for AY 2025-26 and AY 2026-27?

8. Mr B acquires 1,000 equity shares on 01.01.2017 at ₹ 200. FMV of the said shares on 31.01.2018 is ₹ 500. Mr B sells the said shares on 30.04.2025 at ₹ 400. Calculate the amount of capital gains in the hands of Mr B, assuming that STT has been paid by Mr B on acquisition and transfer of the said equity shares.

9. Ms Jaya acquires 5,000 equity shares on 01.01.2016 at ₹ 500. The Fair Market Value of the said share on 31.01.2018 is ₹ 250 and on 31.03.2018 is ₹ 600. She sells the said shares on 30.04.2025 at ₹ 700. Calculate the amount of LTCG in the hands of Ms Jaya assuming that STT has been paid by her on acquisition and transfer of the said equity share. {CII – FY 2015-16: 254; FY 2025-26: 376}

10.

11. Mr A (aged 45 years) sold an agricultural land for ₹ 52 lakhs on 04.05.2025 acquired at a cost of ₹ 49.25 lakhs on 13.09.2024 situated at 7 kms from the jurisdiction of municipality having population of 4,00,000 and also sold another agricultural land for ₹ 53 lakhs on 12.06.2025 acquired at a cost of ₹ 46 lakhs on 15.02.2024 situated at 1.5 kms from the jurisdiction of municipality having population of 12,000. What would be the amount of capital gain chargeable to tax in the hands of Mr A for AY 26-27? Cost inflation index for FY 2023-24 is 348; for FY 2024-25 is 363 and for FY 2025-26 is 376.

12. Mr Rana is a resident of India residing in Meerut. During FY 2011-12, he purchased an agricultural land situated in Bahadurpur for ₹ 10 lacs. This land is situated in an area which has aerial distance of 3 km from the local limits of Municipality of Bahadurpur. Total population of this area is 80,000 as per the last preceding census. During FY 2025-26, Mr Rana sold this land to Mr Jeet for ₹ 26 lakhs on 29.5.2025. Mr Rana invested ₹ 5 lakhs in bonds of NHAI on 31.10.2025. CII for FY 2011-12 and FY 2025-26 is 184 and 376 respectively. Compute the amount of capital gain taxable in the hands of Mr Rana for AY 2026-27:

13. Neha sold her residential house for ₹ 85 lakhs on 11.08.2025. Value adopted by the Stamp Valuation Authority on the date of registration of the Conveyance Deed (ie, 17.08.2025) was ₹ 150 lakhs. Neha disputed the valuation done by the said authority before the Assessing Officer and filed an application before him to refer her case to the Valuation Officer. The Valuation Officer determined the value of the house on date of registration of Conveyance Deed at ₹ 160 lakhs. In light of these facts, compute the full value of consideration to be taken in case of Neha for the purpose of calculation of capital gains in her hands.

14. Suman is a CA practicing in Mumbai since Sept 1994. She transfers her practice to another Chartered Accountant Smita on 19.06.2025 and charges ₹ 14,50,000 towards goodwill. Determine the tax implications that may arise in the hands of Neha on account of transfer of her practice to Smita.

15. A building was acquired on 1.4.1995 for ₹ 20,00,000 and sold for ₹ 90,00,000 on 01.06.2025. SDV on the date of transfer was ₹ 95,00,000. FMV of building on 1.4.2001 was ₹ 24,00,000. Its SDV on the same date was ₹ 22,00,000. Determine the capital gains on sale of such building for AY 2026-27?