Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax on corporate capital gains framed as an aggregate computation combining income-tax and a separately calculated capital-gains charge. Section 115 prescribes tax computation where a company's total income includes capital gains, historically requiring an aggregate of income-tax on total ... Summary
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Tax on corporate capital gains framed as an aggregate computation combining income-tax and a separately calculated capital-gains charge.
Section 115 prescribes tax computation where a company's total income includes capital gains, historically requiring an aggregate of income-tax on total income reduced by capital gains and an additional tax component calculated specifically on the capital gains; successive Finance Acts substituted and omitted provisions, altering rate structures and separate treatment for gains relating to buildings or lands and for long-term capital gains.
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