Tag Archives: #IncomeTaxClarity

What is the difference between section 112 and 112A of the Income Tax Act, 1961?

Section 112 Vs. 112A Income Tax  Section 112 and Section 112A of the Income Tax Act, 1961 address the taxation of long-term capital gains from the sale of listed equity shares or equity-oriented mutual funds. However, there are several distinctions between these two sections Section 112 Vs. 112A Income Tax. Applicability: Section 112 covers all… Read More »