Long-term capital gains taxation uses a flat-rate computation with limited exemption, grandfathering, and special valuation rules. Long-term capital gains are taxed under a flat-rate computation mechanism, with resident individuals and resident Hindu undivided families allowed limited adjustment of the basic exemption limit. The text explains the new 12.5% regime, grandfathering for land and building acquired before 23 July 2024, special treatment for non-residents and foreign companies, restriction of Chapter VIII deductions after reducing long-term capital gains from gross total income, and valuation and cost rules including deemed full value of consideration and rules for assets acquired before 1 April 2001.
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.
Long-term capital gains taxation uses a flat-rate computation with limited exemption, grandfathering, and special valuation rules.
Long-term capital gains are taxed under a flat-rate computation mechanism, with resident individuals and resident Hindu undivided families allowed limited adjustment of the basic exemption limit. The text explains the new 12.5% regime, grandfathering for land and building acquired before 23 July 2024, special treatment for non-residents and foreign companies, restriction of Chapter VIII deductions after reducing long-term capital gains from gross total income, and valuation and cost rules including deemed full value of consideration and rules for assets acquired before 1 April 2001.
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