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of <h1>Income Tax Bill, 2025: 12.5% Tax on Long-Term Capital Gains Over 125,000 with Specific Conditions and Exceptions</h1> The Income Tax Bill, 2025, outlines the taxation of long-term capital gains in specific scenarios. It mandates that if an assessee's total income includes capital gains from transferring long-term capital assets like equity shares or units of equity-oriented funds, tax is calculated at 12.5% on gains exceeding 125,000. This provision applies if securities transaction tax has been paid on acquisition and transfer. Exceptions include transfers on recognized stock exchanges in International Financial Services Centres with foreign currency transactions. Deductions and rebates are adjusted based on the presence of such gains in total income. Definitions and conditions for equity-oriented funds are specified.
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