Changes in provisions regarding Tax Incentives
So far I have covered the changes which are made in exempt income, salary income, house property income and income from business or profession, now going to explain the changes which are applicable in "Capital Gain".i.e. profit or loss which arise when someone sale any capital asset.
Earlier part of the article you can access by clicking following links:-
(1 ) Rate of Income Tax for the Assessment year 2020-21 (Read Part -1 here)
(2)"Exempt income" i.e. Income which do not part of Total Income (Read Part -2 here)
(3) Changes in the head "Income from Salary" (Read Part -3 here)
(4) Changes in "Income from House Property" (Read Part-4 here )
(5) Changes in "Profits or gains from Business or profession (Read Part-5)