For F.Y 2018-19 A.Y 2019-20 New section 112A inserted and section 10(38) not applicable of the Income tax act 1961 .
If you purchase Mutual funds after 31/12/2018 and paid STT on such funds and sale consideration is more than 100000/- capital gain tax applicable
If purchase before 31/12/2018 then grandfathering effect applicable .
confirm with others also.
Please correct above as purchase before 1/2/2018 insted 31/12/2018 then grandfathering effect will applicable .
CAclubindia
