https://www.taxtmi.com/article/detailed?id=12835 The budget amends capital gains provisions to introduce date dependent rules altering computation and rates: buy back consideration of a specified nature is treated as nil for gains after 1 October 2024; transfers under gift, will or irrevocable trust by individuals/HUFs are addressed from 1 April 2025; indexed cost application in section 48 is limited to transfers before 23 July 2024; specified treatment in section 50AA deems certain consideration as short term gains and redefines Specified Mutual Fund; multiple sections (111A, 112, 112A, 115AB, 115AC, 115ACA, 115AD) adopt revised rate schedules dependent on transfer timing. en-us Fri, 02 Aug 2024 10:41:16 +0530 Fri, 02 Aug 2024 10:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12835 The budget amends capital gains provisions to introduce date dependent rules altering computation and rates: buy back consideration of a specified nature is treated as nil for gains after 1 October 2024; transfers under gift, will or irrevocable trust by individuals/HUFs are addressed from 1 April 2025; indexed cost application in section 48 is limited to transfers before 23 July 2024; specified treatment in section 50AA deems certain consideration as short term gains and redefines Specified Mutual Fund; multiple sections (111A, 112, 112A, 115AB, 115AC, 115ACA, 115AD) adopt revised rate schedules dependent on transfer timing. Articles Budget - Tax Proposals Fri, 02 Aug 2024 10:41:16 +0530 https://www.taxtmi.com/article/detailed?id=12835