Short-term capital gains taxation: concessional treatment extended to business trust units, excluding units received in specified transfers under section 47. Amendment to section 111A extends the concessional tax regime for short-term capital gains to units of business trusts, effective 1 April 2015, while expressly excluding income from transfers of business trust units acquired by the assessee in consideration of a transfer referred to in clause (xvii) of section 47.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Short-term capital gains taxation: concessional treatment extended to business trust units, excluding units received in specified transfers under section 47.
Amendment to section 111A extends the concessional tax regime for short-term capital gains to units of business trusts, effective 1 April 2015, while expressly excluding income from transfers of business trust units acquired by the assessee in consideration of a transfer referred to in clause (xvii) of section 47.
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