whether Section 112A and Section 112 are optional

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..... whether Section 112A and Section 112 are optional
Query (Issue) Started By: - abhishek Mittal Dated:- 11-9-2022 Last Reply Date:- 22-9-2022 Income Tax
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Income Tax
In case of sa .....

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..... le of listed securities when STT is paid on acquisition and transfer(sale) whether its optional for assessee to choose section 112 (having indexation benefit) or section 112A(without indexation) for t .....

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..... axation. section 112A start with "notwithstanding anything contained in section 112" hence in my view it override the section 112 hence incase of listed securities when STT is paid its manda .....

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..... torily fall in section 112A and assessee cannot choose section 112 (indexation benefit). Please provide your opinions. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view your opinion is corre .....

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..... ct.
Discussion Forum - Knowledge Sharing .....

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