https://www.taxtmi.com/acts?id=46216 Substituted section 115 requires that where a company's total income includes long-term capital gains, tax is the aggregate of: (i) tax on long-term capital gains computed by applying higher rate to gains from buildings, lands or rights therein and a lower rate to other long-term gains; and (ii) the tax which would be chargeable if the company's total income were reduced by those long-term capital gains. en-us Mon, 16 Dec 2024 16:48:30 +0530 Mon, 16 Dec 2024 16:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46216 Substituted section 115 requires that where a company's total income includes long-term capital gains, tax is the aggregate of: (i) tax on long-term capital gains computed by applying higher rate to gains from buildings, lands or rights therein and a lower rate to other long-term gains; and (ii) the tax which would be chargeable if the company's total income were reduced by those long-term capital gains. Act-Rules F. Acts / Amendment Acts Mon, 16 Dec 2024 16:48:30 +0530 https://www.taxtmi.com/acts?id=46216