https://www.taxtmi.com/acts?id=43753 Amendment to section 112(1) prescribes a two-part LTCG tax computation-tax on income excluding LTCG and tax on LTCG itself-and substitutes new, lower statutory rates for transfers on or after the 23rd day of July, 2024, while retaining higher rates for earlier transfers; provisos adjust LTCG where net income falls below the basic exemption, protect certain pre-amendment land/building transfers from increased tax, and apply distinct treatment to unlisted securities and specified listed securities or zero coupon bonds. en-us Sat, 17 Aug 2024 12:59:05 +0530 Sat, 17 Aug 2024 12:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43753 Amendment to section 112(1) prescribes a two-part LTCG tax computation-tax on income excluding LTCG and tax on LTCG itself-and substitutes new, lower statutory rates for transfers on or after the 23rd day of July, 2024, while retaining higher rates for earlier transfers; provisos adjust LTCG where net income falls below the basic exemption, protect certain pre-amendment land/building transfers from increased tax, and apply distinct treatment to unlisted securities and specified listed securities or zero coupon bonds. Act-Rules F. Acts / Amendment Acts Sat, 17 Aug 2024 12:59:05 +0530 https://www.taxtmi.com/acts?id=43753