Capital gains tax rate increase takes effect, raising the prescribed rate for specified gains under section 111A. Amendment raises the prescribed tax rate under section 111A(1)(i) by substituting the existing ten per cent. rate with fifteen per cent., effective from ... Summary
Capital gains tax rate increase takes effect, raising the prescribed rate for specified gains under section 111A.
Amendment raises the prescribed tax rate under section 111A(1)(i) by substituting the existing ten per cent. rate with fifteen per cent., effective from the first day of April, 2009, as enacted by the Finance Act, 2008.
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