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 Act 2017 Updates: New Provisions in Section 2 of Income-tax Act, Changes to Capital Gains, Effective April 2018.</h1> The Finance Act, 2017 amends section 2 of the Income-tax Act by adding new provisions. Clause (24) now includes sub-clause (xviia), which covers sums or property values as per section 56(2)(x). Clause (42A) is modified to include immovable property, effective April 1, 2018, in the context of capital gains. Explanation 1, clause (i) introduces sub-clauses (hf) and (hg), accounting for the holding period of equity shares and mutual fund units transferred under specific conditions, also effective from April 1, 2018. These amendments refine definitions and tax implications related to capital assets.
TaxTMI 
TaxTMI 
