Equity oriented fund definition expanded to include certain unit linked insurance policies, affecting long term capital gains tax. Amendment expands the definition of equity oriented fund to include schemes of insurance companies comprising unit linked insurance policies where exemption under clause (10D) does not apply due to applicability of its fourth and fifth provisos, thereby bringing such schemes within the scope of tax on long term capital gains under section 112A.
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.
Equity oriented fund definition expanded to include certain unit linked insurance policies, affecting long term capital gains tax.
Amendment expands the definition of equity oriented fund to include schemes of insurance companies comprising unit linked insurance policies where exemption under clause (10D) does not apply due to applicability of its fourth and fifth provisos, thereby bringing such schemes within the scope of tax on long term capital gains under section 112A.
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