Lok Sabha passes Finance Bill without discussion – The Hindu

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  • Last Updated on 26 October, 2020

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The Hindu ““Markets were expecting some relief from the government like deferment of new capital gains tax or increase in the threshold limit from ₹1 lakh to ₹2 lakh for levy of capital gains tax at the rate of 10%,” Naveen Wadhwa, DGM, at Taxmann.com said. “However, the Finance Bill 2018 as passed by the Lok Sabha didn’t make any significant change in the original proposal.”
 
“The only noteworthy change is that of allowing the indexation benefit to shares which were unlisted as on January 31, 2018 but are listed on the date of transfer which happens to be on or after April 1, 2018,” Mr. Wadhwa added”.
 
 

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