Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Modified returns after business reorganisation must be assessed within pending proceedings, barring parallel scrutiny and consequential transfer prici...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
