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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 112. - tax on long-term capital gains - ...


Long-term capital gains tax set at 10% for transfers of non-publicly owned company shares u/s 112 amendment.

March 1, 2016

Act Rules     Bill

Amendment of section 112. - tax on long-term capital gains - long-term capital gains arising from transfer of a capital asset being, shares of a company not being a company in which the public are substantially interested, shall also be chargeable to tax at the rate of ten per cent.

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