https://www.taxtmi.com/acts?id=48283 Amendments to section 112 reclassify taxpayer categories and prescribe separate computations for long-term capital gains: clause (a) limits a Hindu undivided family to residents; clause (b) is confined to domestic companies with a reduced specified rate; a new clause (c) requires non-residents (other than companies) and foreign companies to have tax computed on total income as reduced by long-term capital gains and to have those gains taxed at a distinct flat rate; the old clause (c) is relettered and clarified to apply to residents in other cases. en-us Thu, 30 Jan 2025 14:22:57 +0530 Thu, 30 Jan 2025 14:22:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48283 Amendments to section 112 reclassify taxpayer categories and prescribe separate computations for long-term capital gains: clause (a) limits a Hindu undivided family to residents; clause (b) is confined to domestic companies with a reduced specified rate; a new clause (c) requires non-residents (other than companies) and foreign companies to have tax computed on total income as reduced by long-term capital gains and to have those gains taxed at a distinct flat rate; the old clause (c) is relettered and clarified to apply to residents in other cases. Act-Rules F. Acts / Amendment Acts Thu, 30 Jan 2025 14:22:57 +0530 https://www.taxtmi.com/acts?id=48283