https://www.taxtmi.com/acts?id=50914 The amendments expand proviso references in rule 1 and, in rule 3, permit increasing specified monetary limits during a transitional previous year where long-term capital gain arises from transfers spanning initial and later periods; they empower the Board to prescribe increases when multiple source-periods are included. The Table of amounts is replaced. Rules 4 and 5 adjust day-count thresholds for extended transitional years and require prorated depreciation allowances by months included. Rule 6's proviso mandates tax at the average rate on transitional-year income after excluding income already or to be included in the immediately relevant previous year(s). en-us Wed, 16 Apr 2025 18:13:05 +0530 Thu, 17 Apr 2025 13:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50914 The amendments expand proviso references in rule 1 and, in rule 3, permit increasing specified monetary limits during a transitional previous year where long-term capital gain arises from transfers spanning initial and later periods; they empower the Board to prescribe increases when multiple source-periods are included. The Table of amounts is replaced. Rules 4 and 5 adjust day-count thresholds for extended transitional years and require prorated depreciation allowances by months included. Rule 6's proviso mandates tax at the average rate on transitional-year income after excluding income already or to be included in the immediately relevant previous year(s). Act-Rules F. Acts / Amendment Acts Wed, 16 Apr 2025 18:13:05 +0530 https://www.taxtmi.com/acts?id=50914