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whether Section 112A and Section 112 are optional, Income Tax |
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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. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In my view your opinion is correct. Page: 1 Old Query - New Comments are closed. |
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