Tax on investment income and long-term capital gains

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... other than a specified asset; (b) income by way of long-term capital gains, the tax payable by him shall be the aggregate of- (i) the amount of income-tax calculated on the income in respect of investment income referred to in clause (a), if any, included in the total income, at the rate of twenty per cent; 2[(ii) the amount of income-tax calculated on the income by way of long-term capita....