https://www.taxtmi.com/acts?id=43577 The amendment to section 115AC(1) substitutes clause (ii) to change the rate applicable to long-term capital gains on transfers of specified bonds and GDRs: the long-term capital gains component remains taxed at ten percent for transfers before 23 July 2024 and at twelve and one-half percent for transfers on or after 23 July 2024; the provision operates retrospectively from 23 July 2024 and fits within the section's three-part tax computation for non-residents. en-us Tue, 23 Jul 2024 15:41:54 +0530 Tue, 23 Jul 2024 15:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43577 The amendment to section 115AC(1) substitutes clause (ii) to change the rate applicable to long-term capital gains on transfers of specified bonds and GDRs: the long-term capital gains component remains taxed at ten percent for transfers before 23 July 2024 and at twelve and one-half percent for transfers on or after 23 July 2024; the provision operates retrospectively from 23 July 2024 and fits within the section's three-part tax computation for non-residents. Act-Rules Bills Tue, 23 Jul 2024 15:41:54 +0530 https://www.taxtmi.com/acts?id=43577