Remittance of sale consideration of shares referred in Sec.115AC.

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..../1993  Dated: October 5, 1993 Section(s) Referred: 115AC Statute: Income - Tax Act, 1961 Section 115AC of the I.T. Act provides concessional rates of tax on long-term capital gains ar....

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....rs without deduction of income-tax on capital gains. The claims of assessees that there was actually capital losses on these transactions has been accepted. It is felt that such cases need deeper scru....