Tax on long-term capital gains treated as separate component with flat rate and blended computation adjustments. Tax on long-term capital gains is computed as the sum of tax on total income excluding those gains and a specified flat-rate tax on the long-term gains themselves; residents may reduce gains by any shortfall that brings residual income below the basic exemption, transfers of certain pre-23 July 2024 land or buildings permit ignoring an excess tax calculated by a prescribed difference formula using indexed acquisition/improvement, and non-residents or foreign companies compute gains on unlisted or closely held shares without applying certain set-off provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on long-term capital gains treated as separate component with flat rate and blended computation adjustments.
Tax on long-term capital gains is computed as the sum of tax on total income excluding those gains and a specified flat-rate tax on the long-term gains themselves; residents may reduce gains by any shortfall that brings residual income below the basic exemption, transfers of certain pre-23 July 2024 land or buildings permit ignoring an excess tax calculated by a prescribed difference formula using indexed acquisition/improvement, and non-residents or foreign companies compute gains on unlisted or closely held shares without applying certain set-off provisions.
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