Understanding Section 112A(4) of the Income Tax Act: Tax on Long-Term Capital Gains from Equity Investments

Introduction Section 112A of the Income Tax Act plays a crucial role in determining the tax implications for long-term capital gains (LTCG) derived from equity-related investments in India. The section…

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Understanding Section 36(1)(xv) of the Income Tax Act: Deduction on Account of Payment of Securities Transaction Tax (STT)

Securities Transaction Tax (STT) is a critical element in the financial markets of India, influencing businesses engaged in trading securities. Recognizing the importance of this tax, the Indian government introduced…

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