https://www.taxtmi.com/acts?id=45866 The amendment removes all references to super tax and deletes related average-rate provisions. It inserts a proviso reducing the income tax calculated on capital gains relating to bonus shares, chargeable under the capital gains provision, by an amount equal to twelve and a half per cent of the face value of such bonus shares or by the amount of the income tax so calculated, whichever is less, thereby capping the tax attributable to those bonus-share capital gains. en-us Wed, 04 Dec 2024 17:33:41 +0530 Wed, 04 Dec 2024 17:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45866 The amendment removes all references to super tax and deletes related average-rate provisions. It inserts a proviso reducing the income tax calculated on capital gains relating to bonus shares, chargeable under the capital gains provision, by an amount equal to twelve and a half per cent of the face value of such bonus shares or by the amount of the income tax so calculated, whichever is less, thereby capping the tax attributable to those bonus-share capital gains. Act-Rules F. Acts / Amendment Acts Wed, 04 Dec 2024 17:33:41 +0530 https://www.taxtmi.com/acts?id=45866