Section 34 of Finance Act 2018 Archives - Tax Heal https://www.taxheal.com/tag/section-34-of-finance-act-2018 Complete Guide for Income Tax and GST in India Sun, 15 Apr 2018 09:46:35 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 Section 34 of Finance Act 2018 : Amendment of section 115AD Income Tax Act https://www.taxheal.com/section-34-of-finance-act-2018.html https://www.taxheal.com/section-34-of-finance-act-2018.html#respond Sun, 01 Apr 2018 09:43:35 +0000 http://taxheal.com/?p=57262 Section 34 of Finance Act 2018 [Section 34 of Finance Act 2018 deals with Amendment of section 115AD. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 115AD. 34. In section 115AD of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2019,— (a) in clause (iii), the word “and” occurring… Read More »

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[Section 34 of Finance Act 2018 deals with Amendment of section 115AD. and is covered in CHAPTER III DIRECT TAXES]

Amendment of section 115AD.

34. In section 115AD of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2019,—

(a) in clause (iii), the word “and” occurring at the end shall be omitted;
(b) after clause (iii), the following proviso shall be inserted, namely:—
“Provided that in case of income arising from the transfer of a long-term capital asset referred to in section 112A, income-tax at the rate of ten per cent shall be calculated on such income exceeding one lakh rupees; and”.

Finance Act 2018 : Assented by President : Download Print Notification

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