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of <h1>Capital Gains Tax Hike: New 20% Rate for Securities Transactions Impacts Equity Shares and Investment Funds Under Clause 196</h1> Here's a concise summary of the text:The document analyzes Clause 196 of the Income Tax Bill, 2025, addressing short-term capital gains taxation. The key change is increasing the tax rate from 15% to 20% for specific securities transactions subject to Securities Transaction Tax. The provision applies to equity shares, equity-oriented funds, and business trust units, maintaining previous relief mechanisms for low-income taxpayers. The clause aims to balance market participation incentives with revenue generation, with special provisions for International Financial Services Centres transactions.
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