Long-term capital gains rate change: higher rate applies to post-amendment transfers while aggregate exemption limit remains. Amendment substitutes sub-section (2)(i) of section 112A to tax long-term capital gains at a lower rate for transfers before the effective day and at a higher rate for transfers on or after that day, while preserving a single aggregate exemption limit that applies across both rate categories.
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Long-term capital gains rate change: higher rate applies to post-amendment transfers while aggregate exemption limit remains.
Amendment substitutes sub-section (2)(i) of section 112A to tax long-term capital gains at a lower rate for transfers before the effective day and at a higher rate for transfers on or after that day, while preserving a single aggregate exemption limit that applies across both rate categories.
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