Amendment of section 115AB
In section 115AB of the Income-tax Act, in sub-section (1), in the long-line, for clause (ii), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 23rd day of July, 2024, namely:—
“(ii) the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income,—
| (A) | at the rate of ten per cent for any transfer which takes place before the 23rd day of July, 2024; and | |
| (B) | at the rate of twelve and one-half per cent for any transfer which takes place on or after the 23rd day of July, 2024; and”. |