Residual food-preparation classification places fermented Nata De Coco outside fruit-jelly categories, changing its GST treatment across notified peri...
Settlement application eligibility requires a pending assessment when filed, preventing an extra prior-eligibility condition from blocking considerati...
Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
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Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption limit for long-term capital gains on financial assets increased from Rs. 1 lakh to Rs. 1.25 lakh per annum. Listed financial assets held for over a year classified as long-term, unlisted financial assets and non-financial assets require two-year holding period. Unlisted bonds, debentures, debt mutual funds, and market-linked debentures taxed at applicable rates regardless of holding duration.
Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption limit for long-term capital gains on financial assets increased from Rs. 1 lakh to Rs. 1.25 lakh per annum. Listed financial assets held for over a year classified as long-term, unlisted financial assets and non-financial assets require two-year holding period. Unlisted bonds, debentures, debt mutual funds, and market-linked debentures taxed at applicable rates regardless of holding duration.
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