Section 112A

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5 Points Posted on 03 April 2021
as it is specific income tax as if it excess 100000 then only yax at rate if 10 percentage
any reason behind it ???
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On 03 April 2021 at 23:14 Report
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Quick Summary
Section 112A of the Income Tax Act deals with Long Term Capital Gains (LTCG) from selling listed equity shares. It provides an exemption for the first £100,000 of such gains each year. Any gains exceeding this threshold are then taxed at a rate of 10%.

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24588 Points Posted on 04 April 2021
It is for LTCG for sale of listed equity shares u/s 112A
100000 rupees is exempt and balance amount will be taxable @ 10%
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On 04 April 2021 at 06:26
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17269 Points Posted on 04 April 2021
100000/- is exempt every year. Beyond that taxable
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On 04 April 2021 at 10:12

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