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    <title>Government withdraws enhanced surcharge on tax payable on transfer of certain assets</title>
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    <description>Withdrawal of enhanced surcharge applies from FY 2019-20 to tax payable at special rates on capital gains from transfers of equity shares, units of equity oriented funds and business trust units, and to gains on derivatives transferred by FPIs taxed under section 115AD. Transfers of derivatives treated as business income for non-FPI persons remain subject to normal-rate tax and continue to attract the enhanced surcharge on that tax.</description>
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      <description>Withdrawal of enhanced surcharge applies from FY 2019-20 to tax payable at special rates on capital gains from transfers of equity shares, units of equity oriented funds and business trust units, and to gains on derivatives transferred by FPIs taxed under section 115AD. Transfers of derivatives treated as business income for non-FPI persons remain subject to normal-rate tax and continue to attract the enhanced surcharge on that tax.</description>
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