<h1>CBDT Releases FAQs on Taxing Long-Term Capital Gains Under New Section 112A in Finance Bill 2018.</h1> The Central Board of Direct Taxes (CBDT) has released FAQs addressing queries on the new tax regime for long-term capital gains proposed in the Finance Bill, 2018. Previously, long-term capital gains from equity shares, equity-oriented funds, or business trust units were exempt from income tax but subject to Securities Transaction Tax (STT). The Finance Bill, 2018 proposes to remove this exemption and introduce a new Section 112A in the Income-tax Act, taxing long-term capital gains exceeding one lakh rupees at a concessional rate of 10 percent. The FAQs are available on the Income Tax Department's website.