https://www.taxtmi.com/manuals?id=950 Long-term capital gains are taxed under a flat-rate computation mechanism, with resident individuals and resident Hindu undivided families allowed limited adjustment of the basic exemption limit. The text explains the new 12.5% regime, grandfathering for land and building acquired before 23 July 2024, special treatment for non-residents and foreign companies, restriction of Chapter VIII deductions after reducing long-term capital gains from gross total income, and valuation and cost rules including deemed full value of consideration and rules for assets acquired before 1 April 2001. en-us Tue, 25 Aug 2015 15:02:00 +0530 Tue, 23 Jun 2026 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=950 Long-term capital gains are taxed under a flat-rate computation mechanism, with resident individuals and resident Hindu undivided families allowed limited adjustment of the basic exemption limit. The text explains the new 12.5% regime, grandfathering for land and building acquired before 23 July 2024, special treatment for non-residents and foreign companies, restriction of Chapter VIII deductions after reducing long-term capital gains from gross total income, and valuation and cost rules including deemed full value of consideration and rules for assets acquired before 1 April 2001. Manuals Income Tax Tue, 25 Aug 2015 15:02:00 +0530 https://www.taxtmi.com/manuals?id=950