Section 112A – Tradewise details of LTCG (Nightmare for Traders)

Under Budget 2018, the Finance Minister, Shri Arun Jaitley, removed the exemption under Section 10(38). He also introduced a new Section 112A with a 10% tax on LTCG in excess of INR 1 lac in the case of a capital asset on which STT is paid. The new Section 112A was applicable from FY 2018-19 … Continue reading Section 112A – Tradewise details of LTCG (Nightmare for Traders)

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