Special rate under section 112A excludes certain acquisitions, including prior acquisitions and non STT purchases with specified exceptions. The notification specifies that the special capital gains rate framework under section 112A does not apply to acquisitions of equity shares made before 1 October 2004 or to acquisitions on or after that date which are not subject to Securities Transaction Tax, except for enumerated exceptions (including certain preferential issues, non exchange acquisitions meeting prescribed conditions, delisting period acquisitions, and various regulatory, institutional and scheme based carve outs); it also supplies definitions and comes into force from 1 April for the relevant assessment year onward.
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.
Special rate under section 112A excludes certain acquisitions, including prior acquisitions and non STT purchases with specified exceptions.
The notification specifies that the special capital gains rate framework under section 112A does not apply to acquisitions of equity shares made before 1 October 2004 or to acquisitions on or after that date which are not subject to Securities Transaction Tax, except for enumerated exceptions (including certain preferential issues, non exchange acquisitions meeting prescribed conditions, delisting period acquisitions, and various regulatory, institutional and scheme based carve outs); it also supplies definitions and comes into force from 1 April for the relevant assessment year onward.
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