https://www.taxtmi.com/article/detailed?id=12830 The Finance Bill revises Chapter XII by changing computation and rate structures for short-term and long-term capital gains: short-term gains under Section 111A are taxed at different rates based on transfers before or on/after 23.07.2024 while Sections 112, 112A, 115AB, 115AC, 115ACA and the proviso to 115AD set differentiated concessional long-term gains rates tied to the same cut-off and preserve an aggregate threshold for concessional treatment; Section 113 wording is tightened and Section 115BAC substitutes a new optional personal tax schedule for specified assessment years. en-us Mon, 29 Jul 2024 18:22:19 +0530 Mon, 29 Jul 2024 18:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12830 The Finance Bill revises Chapter XII by changing computation and rate structures for short-term and long-term capital gains: short-term gains under Section 111A are taxed at different rates based on transfers before or on/after 23.07.2024 while Sections 112, 112A, 115AB, 115AC, 115ACA and the proviso to 115AD set differentiated concessional long-term gains rates tied to the same cut-off and preserve an aggregate threshold for concessional treatment; Section 113 wording is tightened and Section 115BAC substitutes a new optional personal tax schedule for specified assessment years. Articles Budget - Tax Proposals Mon, 29 Jul 2024 18:22:19 +0530 https://www.taxtmi.com/article/detailed?id=12830