https://www.taxtmi.com/news?id=1169 The paper treats income from investment asset transfers as capital gains included in total income and taxed at applicable rates, removes usual short/long term distinctions except for one year thresholds for certain treatments, and sets computation rules (consideration minus cost, improvement and transfer expenses with indexation where held beyond one year). Listed equity and equity fund units held over one year receive a specified deduction from gains without indexation and are taxed at marginal rates; other long held assets benefit from a shifted base date with indexation. FIIs' securities income is deemed capital gains, exempt from TDS but subject to advance tax, and STT is to be recalibrated or abolished. en-us Tue, 15 Jun 2010 22:44:09 +0530 Tue, 15 Jun 2010 22:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1169 The paper treats income from investment asset transfers as capital gains included in total income and taxed at applicable rates, removes usual short/long term distinctions except for one year thresholds for certain treatments, and sets computation rules (consideration minus cost, improvement and transfer expenses with indexation where held beyond one year). Listed equity and equity fund units held over one year receive a specified deduction from gains without indexation and are taxed at marginal rates; other long held assets benefit from a shifted base date with indexation. FIIs' securities income is deemed capital gains, exempt from TDS but subject to advance tax, and STT is to be recalibrated or abolished. News - Tue, 15 Jun 2010 22:44:09 +0530 https://www.taxtmi.com/news?id=1169