This document discusses the key amendments made to the Income Tax Act of 1961 through the Finance Act of 2022. Some important changes include raising the surcharge limit for long-term capital gains arising from equity and equity mutual funds, introducing a new concessional tax regime for certain capital gains, and providing relief measures for startups by extending the eligibility period for claiming tax exemptions and deductions.
This document discusses the key amendments made to the Income Tax Act of 1961 through the Finance Act of 2022. Some important changes include raising the surcharge limit for long-term capital gains arising from equity and equity mutual funds, introducing a new concessional tax regime for certain capital gains, and providing relief measures for startups by extending the eligibility period for claiming tax exemptions and deductions.
This document discusses the key amendments made to the Income Tax Act of 1961 through the Finance Act of 2022. Some important changes include raising the surcharge limit for long-term capital gains arising from equity and equity mutual funds, introducing a new concessional tax regime for certain capital gains, and providing relief measures for startups by extending the eligibility period for claiming tax exemptions and deductions.