Month: February 2018

The Finance Bill 2018, as introduced in Parliament today, is available for download. There are several important amendments proposed by the Finance Bill 2018 to the Income-tax Act, 1961, including the taxation of long-term capital gains (LTCG) at 10%. As per the Finance Bill 2018, the long term capital gains on investments in equities exceeding Rs 1 lakh will be taxed at 10% without allowing benefit of indexation. The gains made till January 31 will be grandfathered