Tax on short-term capital gains set at a specified concessional rate under amendment to section 115AD. An inserted proviso to clause (ii) of subsection (1) of section 115AD prescribes that income-tax on short-term capital gains referred to in section 111A ... Summary
Tax on short-term capital gains set at a specified concessional rate under amendment to section 115AD.
An inserted proviso to clause (ii) of subsection (1) of section 115AD prescribes that income-tax on short-term capital gains referred to in section 111A shall be at the rate of ten percent, effective from the fiscal commencement on the first day of April, 2005.
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