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of <h1>Finance Bill 2019: Amendment to Section 111A for Lower Short-Term Capital Gains Tax on Equity-Oriented Fund of Funds.</h1> The Finance Bill of 2019 proposes an amendment to section 111A to extend a concessional short-term capital gains tax rate to certain equity-oriented fund of funds. This amendment aims to further incentivize these funds, which were initially set up for the disinvestment of Central Public Sector Enterprises (CPSEs). Previously, a concessional rate for long-term capital gains was provided under section 112A. The proposed amendment will be effective from April 1, 2020, and will apply to the assessment year 2020-21 and subsequent years.
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