Tuesday, October 1, 2019
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Topic: Long term capital gain

Bull of Stock Exchange

Is it the beginning of the end of the glorious story of bull?

In order to minimize economic distortions and curb erosion of tax base, it is proposed to withdraw the exemption u/s 10(38) and to introduce a new sec. 112A to provide tax @ 10% on long term capital gains
Tax Charts

Capital Gain Exemption

As per sec. 45(1), profits or gains arising on transfer of a capital asset shall be chargeable under the head “Capital Gains”. From capital gain so computed, several deductions are allowed as per provisions of sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA and 54GB. Provisions of these sections are discussed

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