CBDT's draft notification specifies non-STT scenarios vis-a-vis 10% LTCG tax

Apr 24,2018

CBDT issues draft notification u/s 112A(4) to specify  nature of acquisitions in respect of which requirement of payment of STT would not apply; Taxation at 10% u/s 112A on long-term capital gains is applicable only if STT has been paid on acquisition and transfer of such capital asset, however sub-section (4) authorises the Central Govt. to notify genuine cases where such payment of STT could not be done; Draft notification is largely similar to notification...

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