Long-term capital gains tax rate reduced for transfers after amendment, altering tax computation for residents, companies and non-residents. Amendment to section 112 provides that tax on total income including long-term capital gains is the aggregate of: (i) tax on total income after excluding long-term gains computed as if that reduced amount were total income; and (ii) tax on the long-term gains. For each taxpayer category the gains are taxed at twenty per cent for transfers before 23rd July, 2024 and at twelve and one-half per cent for transfers on or after that date, subject to proviso adjustments preserving basic exemption and specified listed/unlisted securities treatments.