https://www.taxtmi.com/article/detailed?id=7886 The Finance Bill 2018 reinstates taxation of long-term capital gains on specified equity-related assets for transfers on or after the effective date, subject to conditions: Security Transaction Tax paid on acquisition and sale, a minimum twelve-month holding period, and capital gains exceeding a statutory threshold; indexation benefits and certain deductions are excluded. A deemed cost-of-acquisition rule sets cost as the higher of actual cost and the lower of fair market value at the reference date and sale consideration, with examples demonstrating resulting gains, nil gains or losses. en-us Fri, 16 Feb 2018 07:02:10 +0530 Fri, 16 Feb 2018 07:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7886 The Finance Bill 2018 reinstates taxation of long-term capital gains on specified equity-related assets for transfers on or after the effective date, subject to conditions: Security Transaction Tax paid on acquisition and sale, a minimum twelve-month holding period, and capital gains exceeding a statutory threshold; indexation benefits and certain deductions are excluded. A deemed cost-of-acquisition rule sets cost as the higher of actual cost and the lower of fair market value at the reference date and sale consideration, with examples demonstrating resulting gains, nil gains or losses. Articles Income Tax Fri, 16 Feb 2018 07:02:10 +0530 https://www.taxtmi.com/article/detailed?id=7886