Form 28
Reviewed by CA Nikhil Gupta · Last reviewed 30 August 2026
Accountant report under section 77(4) for capital gains in a slump sale.
For related guidance and tools, visit the Income Tax and Salary Hub.
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Use the Capital Gains Exemption Calculator — Sections 54, 54F and 54EC to apply these points to your figures.
Primary authority: Official CBDT Forms crosswalk and guidance · Notified Appendix III source · e-Filing Forms portal
For the connected rule or filing step, see Capital Gains Tax on Inherited Property Sale.
Currentness control: The prescribed Form, portal availability, schema, instruction kit and filing period must all be separately current when filing.
For the connected rule or filing step, see Capital Gains Tax Calculator — LTCG & STCG India.
Form control record
Purpose and trigger
Accountant report under section 77(4) for capital gains in a slump sale.
Sections: 77(4)
When you are ready for the next step, see ESOP Tax Calculator — Perquisite and Capital Gains.
Schedules: None identified in current crosswalk.
Pre-filing checklist
Confirm the 1961 Act/1962 Rules or 2025 Act/2026 Rules route.
Open the prescribed layout, utility and instruction kit.
Reconcile source records, authority and certification.
Validate, submit, pay if needed and preserve acknowledgement.
Finin2min implementation framework
Trigger and scope
Use Form 28 only where the governing section and Rule, person category and reporting period match.
Evidence and control
Keep the completed form, source schedules, computation, approvals, DSC/EVC evidence, utility version and acknowledgement.
Consequence
A wrong Form, period, signatory or utility can cause defect, invalidity, delay, denial of relief or downstream proceedings.
Transaction application
Identify the actor, event date, governing tax year or reporting period, authority, document version and every cumulative condition. Record why each limb is satisfied, disputed or not applicable.
Authority, consent and execution
Confirm legal capacity, authorised signatory, digital-signature requirements, professional certification and portal credentials before filing or relying on the document.
Evidence and retention checklist
Retain source data, approvals, computations, correspondence, filing acknowledgement, payment record, amended filing history and the version of the governing instrument used.
Limitation, forum and remedies
Do not assume a general limitation period. Check the specific Act, Rule, notification, portal window, condonation power, appeal route and judicial treatment applicable to the event date.
Cross-law overlays
Consider TDS/TCS, transfer pricing, FEMA, GST, company-law approval, accounting and audit evidence where relevant.
Finin2min Q&A
Does prescription mean the portal accepts the Form?
No. Prescription, portal availability and utility/schema activation are separate controls.
Is the old Form number interchangeable?
No. The old number is a concordance aid only. The governing Act, Rules, Form and period determine what must be filed.