WebNov 7, 2024 · The provisions of this section will apply from the FY 2024-19, i.e. AY 2024-20. This otherwise means any transfer carried out after 1 April 2024, resulting in LTCG above Rs 1 lakh, will attract tax at the rate of 10%.This means LTCG covered under section 112A are not taxable up to Rs 1 lakh per financial year. WebFeb 12, 2024 · "Grandfathering is a legal provision. Here it will mean that LTCG made up till 31 January will not be affected. Only the gains made after that date will be taxed." Here …
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WebAug 24, 2015 · A grandfather clause is a provision in which businesses, enterprises, or class of persons are exempt from the provisions of a new rule, regulation, or law. … WebJan 31, 2024 · Fair Market Value or Grandfathering Price is BSE (Bombay Stock Exchange) - Highest price trade date 31.01.2024. For the holding as on 31.01.2024; "Grandfathering Price or The fair market value" will be taken as your cost of acquisition for taxation purpose and if you sell LTCG tax will apply on the gains made over and above grandfathering of … how do you password protect a zip folder
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WebFeb 19, 2024 · 2. Rotate the minute hand counterclockwise to avoid playing the melody. Most grandfather clocks play a melody and chime on the hour. In order to set the time without playing the melody, move the minute hand counterclockwise. Winding the minute hand 1 full rotation counterclockwise will set the clock back by 1 hour. Webgrandfather: [noun] the father of one's father or mother. ancestor 1a. WebAug 24, 2015 · A grandfather clause is a provision in which businesses, enterprises, or class of persons are exempt from the provisions of a new rule, regulation, or law. Usually, a grandfather clause specifies a date for the division of exempted entities, making it clear that situations that occur from that date forward are subject to the new regulations. how do you password protect a winzip file