Long-term capital gains tax rates revised; lower statutory rates apply for transfers occurring after the July amendment. Amendment to section 112(1) prescribes a two-part LTCG tax computation-tax on income excluding LTCG and tax on LTCG itself-and substitutes new, lower statutory rates for transfers on or after the 23rd day of July, 2024, while retaining higher rates for earlier transfers; provisos adjust LTCG where net income falls below the basic exemption, protect certain pre-amendment land/building transfers from increased tax, and apply distinct treatment to unlisted securities and specified listed securities or zero coupon bonds.