• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Compare Online Insurance Plans in India - MintWise

Term Insurance, Travel Insurance, Student Travel and Medical Insurance, Health Insurance, Cancer Insurance, Critical Illness Insurance

  • Product Quotes
    • Term Insurance
    • Health Insurance
    • Motor Insurance
    • Student Insurance
    • Critical Illness Insurance
    • Personal Accident Insurance
    • Cancer Insurance
    • Resume Application
  • Blog
  • IRDA Compliance
    • License
    • Privacy Policy
    • Terms of Use
    • Disclaimers
    • User Content Policy
    • All from Legal
  • Uncategorized

Capital Gains – Budget 2019

Capital Gains
  • Author

    Vatsaraj & Co.

  • Date

    August 16, 2019

Section 50CA –Prescription of exceptions from deeming of fair market value of shares for certain transactions

This section presently provides that where shares, other than quoted shares, have been transferred for consideration which is less than the fair market value of such shares, the fair market value shall be deemed to be the full of value of consideration for transfer of such shares.

It has been proposed to amend Section 50CA by insertion of a new proviso that would empower the Board to make rules to provide that the provisions of this section shall not apply to consideration received or accruing as a result of transfer of unquoted shares by such class of persons and subject to such conditions as may be prescribed.

This amendment will take effect from 1st April 2020 (AY 2020-21).

Concessional rate of Short-term Capital Gains (STCG) tax to apply to certain equity oriented fund of funds

It is proposed to amend clause (a) of Explanation to section 111A of the Act to broaden the meaning of “equityoriented fund” by providing that the concessional rate of tax for STCG (15%) shall also apply to equity oriented fund of funds.

This amendment will take effect from 1st April, 2020 (i.e. AY 2020-21).

Amendments to section 56(2)(viib) – extension of exemption to Cat II AIFs and treatment in case of failure to comply with exemption conditions

Section 56(2)(viib) presently does not apply when shares are issued to Category I AIFs. It is proposed to amend the section to also apply the exemption to Category II AIFs.

Further, relief had been provided to start-ups by notification by the Government based on fulfilment of certain conditions. To ensure that start-ups (and any other class of companies notified in future) comply with the conditions for exemption, a proviso is proposed to be inserted to provide that in the event of subsequent failure to comply with conditions, the sub-section shall become applicable in the year such failure takes place.


Related Posts

  • Section 80D Tax Benefits
    Section 80D – Get Tax Benefits on Health & Medical Insurance
  • major policy announcement - budget 2019
    Major Policy Announcements – Budget 2019
  • NPS Returns from India's Best NPS Funds
    NPS Returns – Check the Best NPS Funds to Invest in

Primary Sidebar

What are you looking for?

Recent Posts

  • claim-settlement-ratio-irda-2019-2020Claim Settlement Ratio for Term Insurance by IRDA : 2020-2021
  • Family ProtectionThe Best Term Insurance Plans of 2022
  • claim-settlement-ratio-irda-2019-2020Claim Settlement Ratio for Term Insurance by IRDA : 2019-2020
  • Group Health InsuranceGroup Health Insurance (GHI) made Mandatory for Employers
  • important of term insuranceThe Importance of Term Insurance

Copyright © 2023 · Genesis Sample on Genesis Framework · WordPress · Log in

1800 2121 344

Mon - Sat: 10 AM TO 7 PM

info.mintwise@platinumone.co.in

Email Us

Live chat

Mon - Sat: 10 AM TO 7 PM

+91 86526 45424

WhatsApp 24 x 7

Insurance is the subject matter of the solicitation.

Product and related information like Claim Settlement ratios displayed on www.mintwise.com is based on the information received from the Insurers and/or as published by the IRDAI, the Insurance Regulator.

Corporate Office : PlatinumOne Insurance Broking Private Limited, Unit No. 907, 9th Floor Lodha Supremus II, Plot No. F-4 & F-4/1, Rd No.22, Wagle Estate, Thane (West), Thane 400 604, Maharashtra, India.