Tag: section 112A

CBDT issues 13 FAQs on new Capital Gain Tax Regime proposed in Union Budget 2024-25 Union Budget 2024-25 has proposed rationalisation of Capital Gain Tax Regime by revising the rates of tax on capital gain and abolishing indexing of cost of acquisition for Long term Capital Gains. CBDT …

Capital Gain Tax on sale of Shares, Mutual Fund Units increased. Indexing abolished Finance Bill 2024 has increased the income tax rates on Capital Gain Tax on sale of Shares, Mutual Fund Units and indexing has also been abolished. Currently, the income tax on capital gain arising on …

Denial of Registration 12AA for not spending income by trust. CIT to consider issue u/s 12AA(3) if the facts justify Registration – Supreme Court ABCAUS Case Law Citation:ABCAUS 3276 (2020) (02) SC In the instant case, a Special Leave Petition was filed by the Commissioner of Income Tax …

LTCG on equity shares-draft notification u/s 112A for withdraw of exemption u/s 10(38) of the Income-tax Act for comments/ suggestions Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 24th April, 2018 PRESS RELEASE Notification under section 112A as inserted by …

CBDT FAQ on taxation of LTCG on sale of equity shares u/s 112A as per Finance Bill 2018 proposals. The FAQ contains 24 questions and answers with examples Central Board of Direct Taxes (CBDT) has issued a Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains proposed …