CBDT pre-empts tax world's queries, issues 24 FAQs on LTCG regime

Feb 04,2018

CBDT issues 24 FAQs on long-term capital gains (‘LTCG’) taxation proposed in Finance Bill, 2018; Clarifies that proposed regime applies where equity is held for a minimum 12 months and the STT is paid at the time of transfer (however, for shares acquired after 1.10.2004, STT is required to be paid even at the time of acquisition); CBDT further clarifies that the modes of acquisition of equity shares that are exempted for the purposes of Sec. 10(38) vide its no...

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