Section 112A - Tax on long-term capital gains in certain cases

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..... d funds and units of the business trust. Before Assessment Year 2018-2019, long-term capital gain tax on transfer of equity share, units of equity oriented funds and units of business trust was exempted as per provisions of section 10(38) - With effect from 1st April, 2018, provisions of section 10(38) will not be applicable to any income arising from transfer of equity share, units of equity orie .....

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..... cognised stock exchange of India is made through a preferential issue: (b) where transaction for acquisition of existing listed equity share in a company is not entered through a recognised stock exchange in India. This section is applicable from 1st April, 2018 (A.Y. 2019-2020). The transfer of equity share, units of equity oriented funds and units of business trust shall be governed by the provi .....

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..... enefit of calculation of capital gain in foreign currency will not be allowed in cases where section 112A is applicable. In case of Resident, First and second proviso to section 48 i.e. benefit of indexation of cost of acquisition and cost of improvement shall not be allowed while calculating long term capital gain tax under section 112A . Cost of acquisition for the assets acquired before 1st Feb .....

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