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    <title>Taxation of long-term capital gains in the case of Foreign Institutional Investor</title>
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    <description>Withdrawal of the statutory exemption makes long-term capital gains on equity shares, equity-oriented fund units and business trust units taxable for foreign institutional investors; the FII tax provision is amended so gains are taxed only to the extent they exceed the applicable exempt threshold, with the amendment operative from the stated assessment year onward.</description>
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      <description>Withdrawal of the statutory exemption makes long-term capital gains on equity shares, equity-oriented fund units and business trust units taxable for foreign institutional investors; the FII tax provision is amended so gains are taxed only to the extent they exceed the applicable exempt threshold, with the amendment operative from the stated assessment year onward.</description>
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