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 long term capital asset on which STT is paid. The new Section 112A was applicable from … Continue reading Section 112A – Tradewise details of LTCG (Nightmare for Traders)