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whether Section 112A and Section 112 are optional, Income Tax

Issue Id: - 118152
Dated: 11-9-2022
By:- abhishek Mittal
whether Section 112A and Section 112 are optional

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In case of sale of listed securities when STT is paid on acquisition and transfer(sale) whether its optional for assessee to choose section 112 (having indexation benefit) or section 112A(without indexation) for taxation. section 112A start with "notwithstanding anything contained in section 112" hence in my view it override the section 112 hence incase of listed securities when STT is paid its mandatorily fall in section 112A and assessee cannot choose section 112 (indexation benefit). Please provide your opinions.

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1 Dated: 22-9-2022
By:- DR.MARIAPPAN GOVINDARAJAN

In my view your opinion is correct.


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