TMI BlogTax on investment income and long-term capital gainsX X X X Extracts X X X X X X X X Extracts X X X X ..... al gains of an asset other than a specified asset; ( b ) income by way of long-term capital gains, the tax payable by him shall be the aggregate of- ( i ) the amount of income-tax calculated on the income in respect of investment income referred to in clause ( a ), if any, included in the total income, at the rate of twenty per cent; ( ii ) the amount of income-tax calculated on the in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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