Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 112: Tax Rates on Long-Term Capital Gains for Individuals, Companies, and Venture Capital Firms Explained.</h1> Section 112 of the Income-tax Act, introduced by the Finance Act, 1992, effective April 1, 1993, outlines the tax rates on long-term capital gains. For individuals and Hindu undivided families, the tax rate is 20%, with adjustments if income falls below the non-taxable threshold. Companies face a 40% rate, reduced to 20% for venture capital companies transferring equity shares. Other entities are taxed at 30%. The section also defines venture capital companies and undertakings, highlighting investment limits, financial resources, and technological advancements. It specifies adjustments to gross total income and deductions under Chapter VI-A and rebates under section 88.
TaxTMI 
TaxTMI 
