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Securities Transaction Tax

IT Dept notifies new rules for capital gains tax exemption

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“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.