CORAA

Capital Gains Computation Working Paper — Asset-wise, with Gain/Loss Computed

Sale consideration minus cost of acquisition minus transfer expenses, computed per asset and totalled — for up to 6 transactions in a year, with indexed cost entered directly (CII changes yearly, so it isn't hardcoded here).

Free · CORAA original — SA-aligned
Updated 28 Jul 2026
Formula
Consideration − Cost (indexed, if LTCG) − Transfer expenses
Slots
Up to 6 assets/transactions per year
CII lookup
Not automated — enter indexed cost directly
Next step
Classify STCG/LTCG, check Section 54-series exemptions
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What’s inside

An excerpt from the template.

CAPITAL GAINS COMPUTATION WORKING PAPER

Assessee: ___ · PAN: ___ · Previous year ended: ___ · Assessment Year: ___

Where indexation applies (long-term capital assets, subject to the specific asset-class and holding-period rules in force for the year), enter the INDEXED cost of acquisition/improvement directly in the cost column above — Cost Inflation Index values are notified annually and are not looked up automatically by this tool. Classify each row as short-term or long-term per the holding-period rules applicable to that asset class before applying the relevant tax rate and any Section 54-series exemption.

Prepared by: ____________________ Reviewed by: ____________________

↑ Excerpt only — the full template is what you download as Word
About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

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Common questions

FAQs.

Does this working paper apply the Cost Inflation Index automatically?
No. Cost Inflation Index (CII) numbers are notified by the CBDT for each financial year, so hardcoding them risks going stale within a year. Instead, compute the indexed cost of acquisition/improvement separately (using the CII figures for the year of acquisition/improvement and the year of transfer) and enter that indexed figure directly into the cost column — the working paper then correctly totals consideration minus cost minus expenses for you.
How do I know if a gain is short-term or long-term?
It depends on the asset class and its specific holding-period threshold under Section 2(42A) — e.g. listed securities and equity-oriented mutual funds use a 12-month threshold, most immovable property and unlisted shares use 24 months, and other capital assets generally use 36 months (subject to amendments). This working paper computes the raw gain figure per row; classify each row's holding period separately before applying the STCG or LTCG rate.
Where do exemptions like Section 54, 54EC or 54F get applied?
This working paper stops at the computed capital gain/loss per transaction — Section 54-series exemptions (reinvestment in a residential house, specified bonds, or other qualifying assets) are a further step applied against the long-term gain figure, subject to their own conditions (reinvestment timeline, asset type, capital gains account scheme deposit for unutilised amounts) that should be tested and documented separately.
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