Securities Transaction Tax

IT Dept notifies new rules for capital gains tax exemption

“It specifically outlines bona fide off-market transactions that will not be hit by the withdrawal of long-term capital gains exemption. It should not have an adverse impact on genuine M&A transactions and transfer of shares for succession planning purposes,”

Radhika Jain
Director, Grant Thornton Advisory Private Limited

This article appeared in The Hindu Business Line on 7th June, 2017.