Income-tax Act, 1961

Section - 112A - Tax on long-term capital gains in certain cases

Tax on long-term capital gains in certain cases.

112A. (1) Notwithstanding anything contained in section 112, the tax payable by an assessee on his total income shall be determined in accordance with the provisions of sub-section (2), if-

(i)	-	the total income includes any income chargeable under the head "Capital gains";
(ii)	-	the capital gains arise from the transfer of a long-term capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust;
(iii)	-	securities transaction tax under Chapter VII of the Finance (No. 2) Act, 2004 (23 of 2004) has,-