https://www.taxtmi.com/acts?id=43573 Amendment to section 112 provides that tax on total income including long-term capital gains is the aggregate of: (i) tax on total income after excluding long-term gains computed as if that reduced amount were total income; and (ii) tax on the long-term gains. For each taxpayer category the gains are taxed at twenty per cent for transfers before 23rd July, 2024 and at twelve and one-half per cent for transfers on or after that date, subject to proviso adjustments preserving basic exemption and specified listed/unlisted securities treatments. en-us Tue, 23 Jul 2024 15:39:41 +0530 Fri, 26 Jul 2024 18:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43573 Amendment to section 112 provides that tax on total income including long-term capital gains is the aggregate of: (i) tax on total income after excluding long-term gains computed as if that reduced amount were total income; and (ii) tax on the long-term gains. For each taxpayer category the gains are taxed at twenty per cent for transfers before 23rd July, 2024 and at twelve and one-half per cent for transfers on or after that date, subject to proviso adjustments preserving basic exemption and specified listed/unlisted securities treatments. Act-Rules Bills Tue, 23 Jul 2024 15:39:41 +0530 https://www.taxtmi.com/acts?id=43573