https://www.taxtmi.com/acts?id=15959 Amendment raises the rate in the proviso to section 111A(1) so that where a resident individual or HUF's total income net of specified short-term capital gains falls below the basic exemption limit, the balance of those short-term capital gains-after reducing by the shortfall-will be taxed at fifteen per cent. This change is retrospective to the start of the relevant fiscal period and applies to the corresponding assessment year and thereafter. en-us Fri, 16 Mar 2012 15:35:35 +0530 Fri, 16 Mar 2012 17:37:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15959 Amendment raises the rate in the proviso to section 111A(1) so that where a resident individual or HUF's total income net of specified short-term capital gains falls below the basic exemption limit, the balance of those short-term capital gains-after reducing by the shortfall-will be taxed at fifteen per cent. This change is retrospective to the start of the relevant fiscal period and applies to the corresponding assessment year and thereafter. Act-Rules Bills Fri, 16 Mar 2012 15:35:35 +0530 https://www.taxtmi.com/acts?id=15959