Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Capital gains computation for market linked debentures and specified mutual funds treated as short-term capital gains under special rule. Special provision governs computation of capital gains on transfer, redemption, or maturity of a unit of a Specified Mutual Fund, a Market Linked Debenture, or an unlisted bond or unlisted debenture covered by the section. The provision overrides the general rules and deems the full value of consideration, reduced by cost of acquisition and related expenditure, to be the capital gains arising from a short-term capital asset. No deduction is allowed for securities transaction tax in computing income under the head Capital Gains.
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 computation for market linked debentures and specified mutual funds treated as short-term capital gains under special rule.
Special provision governs computation of capital gains on transfer, redemption, or maturity of a unit of a Specified Mutual Fund, a Market Linked Debenture, or an unlisted bond or unlisted debenture covered by the section. The provision overrides the general rules and deems the full value of consideration, reduced by cost of acquisition and related expenditure, to be the capital gains arising from a short-term capital asset. No deduction is allowed for securities transaction tax in computing income under the head Capital Gains.
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