section 112A

Section 112A :10% Tax on LTCG is a Bonus to Many Investors !

section 112AAbolishing long term exemption u/s 10(38 ) and a levy of 10% tax on long term capital gains under section 112A of the Income Tax Act vide Finance Act 2018  is great news for many a  taxpayer and not very sad news. When one dives deep in the new tax regime for long term capital gains on shares and equity oriented mutual fund, one finds that regular investors will gain more out of this provision. So let me explain how you get two great benefits that will ultimately reduce your tax liability