Long-term capital gains tax: a concessional flat rate applies to gains above the statutory threshold on specified asset transfers. For income arising from the transfer of a long-term capital asset referred to in the relevant long-term capital gains provision, income-tax at the rate of ten per cent shall be calculated on such income exceeding the statutory threshold of one lakh rupees; this proviso is inserted into the provision with effect from the specified commencement.
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.
Long-term capital gains tax: a concessional flat rate applies to gains above the statutory threshold on specified asset transfers.
For income arising from the transfer of a long-term capital asset referred to in the relevant long-term capital gains provision, income-tax at the rate of ten per cent shall be calculated on such income exceeding the statutory threshold of one lakh rupees; this proviso is inserted into the provision with effect from the specified commencement.
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