Amendment of section 115ACA.

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..... ount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income, (A) at the rate of ten per cent. for any transfer which takes place before the 23rd day of July, 2024; and (B) at the rate of twelve and one-half per cent. for any transfer which takes place on or after the 23rd day of July, 2024; and . - Clause 35 of the B .....

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..... overnment may, by notification in the Official Gazette, specify in this behalf and purchased by him in foreign currency; or (b) income by way of long-term capital gains arising from the transfer of Global Depository Receipts referred to in clause (a), the income-tax payable shall be the aggregate of (i) the amount of income-tax calculated on the income by way of dividends in respect of Global Depo .....

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..... 2024, and at the rate of twelve and one-half per cent. for any transfer which takes place on or after the 23rd day of July, 2024. This amendment will take effect retrospectively from 23rd July, 2024. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TM .....

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