Finance Bill, 2018 amendments plug loopholes in LTCG taxation u/s 112A

Mar 14,2018

Finance Bill passed by Lok Sabha plugs loopholes in newly introduced long-term capital gains on sale of listed equity shares/units of equity oriented mutual funds regarding loss computation, cost of acquisition for shares which are unlisted as on January 31, 2018, but listed at the time of transfer, etc.; Further, restricts requirement of obtaining PAN for non-individuals who entered into financial transactions exceeding Rs 2,50,000 to res...

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