https://www.taxtmi.com/caselaws?id=235492 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s order regarding the taxation of long-term capital gains on the sale of shares, emphasizing the correct computation of gains and application of tax rates under section 112 of the Income-tax Act. The decision clarified that capital gains should be aggregated from each asset and taxed at either 10% or 20%, based on the option beneficial to the assessee. The Tribunal also confirmed that long-term capital gains from listed securities/units should be taxed at 20% with indexation, while transfers without indexation are taxed at 10%. en-us Thu, 31 Mar 2011 00:00:00 +0530 Thu, 25 Jul 2013 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235492 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s order regarding the taxation of long-term capital gains on the sale of shares, emphasizing the correct computation of gains and application of tax rates under section 112 of the Income-tax Act. The decision clarified that capital gains should be aggregated from each asset and taxed at either 10% or 20%, based on the option beneficial to the assessee. The Tribunal also confirmed that long-term capital gains from listed securities/units should be taxed at 20% with indexation, while transfers without indexation are taxed at 10%. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235492