https://www.taxtmi.com/circulars?id=4546 Amendments increase taxation of long-term capital gains by revising deduction rules for non-corporate taxpayers-separate fixed-base-plus-proportion formulas for gains from buildings/lands and for other assets-and by raising prescribed tax rates for companies while retaining a preferential lower rate for widely-held companies meeting a taxable-income condition; changes apply from the specified assessment year and are implemented through amendments to the relevant Income-tax Act provisions. en-us Mon, 09 Sep 1974 00:00:00 +0530 Wed, 30 Jul 2008 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4546 Amendments increase taxation of long-term capital gains by revising deduction rules for non-corporate taxpayers-separate fixed-base-plus-proportion formulas for gains from buildings/lands and for other assets-and by raising prescribed tax rates for companies while retaining a preferential lower rate for widely-held companies meeting a taxable-income condition; changes apply from the specified assessment year and are implemented through amendments to the relevant Income-tax Act provisions. Circulars Income Tax Mon, 09 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4546