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

..... he 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 oriented funds and units .....

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..... iso 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 February, 2018, shall be higher of : (a) The actual cost of acquisition, and (b) lower of fair market value of such assets and the full value of consideration received .....

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