TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012 amends Section 111A, raising short-term capital gains tax from 10% to 15% retroactively.</h1> Clause 41 of the Finance Bill, 2012 proposes to amend section 111A of the Income-tax Act, which pertains to the taxation of short-term capital gains on certain equity shares and units of equity-oriented funds. The amendment increases the tax rate from ten percent to fifteen percent for individuals or Hindu undivided families whose total income, after accounting for short-term capital gains, falls below the non-taxable threshold. This change is applied retrospectively from April 1, 2009, affecting the assessment year 2009-2010 and subsequent years.
TaxTMI 
TaxTMI 
