Tax Community Shocked as ITAT Endorses 22% Tax on LTCG Under Section 115BAA

Last updated: 03 November 2025 Follow on Google News

A Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld an Income Tax Department demand imposing a 22% tax on capital gains,simply because the entity's total income is otherwise taxed at the same rate under Section 115BAA of the Income Tax Act. Tax professionals have described the ruli

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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