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        F. Acts / Amendment Acts

        Section 18 - Amendment of section 48

        Finance Act, 2018
        Chapter III
        DIRECT TAXES - Income-tax

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        Capital gains treatment for long term equity transfers clarified; certain provisos no longer apply to equity shares and fund or trust units. The amendment to section 48 inserts a proviso that the first and second provisos shall not apply to capital gains from transfer of a long term capital asset that is an equity share, a unit of an equity oriented fund, or a unit of a business trust referred to in the special long term equity gains provision.
                          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.

                                Capital gains treatment for long term equity transfers clarified; certain provisos no longer apply to equity shares and fund or trust units.

                                The amendment to section 48 inserts a proviso that the first and second provisos shall not apply to capital gains from transfer of a long term capital asset that is an equity share, a unit of an equity oriented fund, or a unit of a business trust referred to in the special long term equity gains provision.


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