Listed securities or unit: proviso expanded and definitions for listed securities and unit clarified in tax provision. The proviso to section 112(1) is amended by substituting "being listed securities" with "being listed securities or unit", and the Explanation to ... Summary
Listed securities or unit: proviso expanded and definitions for listed securities and unit clarified in tax provision.
The proviso to section 112(1) is amended by substituting "being listed securities" with "being listed securities or unit", and the Explanation to subsection (1) is replaced to define "listed securities" as securities as defined in the securities contract legislation and listed on any recognised stock exchange in India, and to define "unit" by reference to the Explanation to section 115AB.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.