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Economy

Income Tax department to introduce new ITR norms on capital gains, others, before April 10

Updated : March 28, 2019 01:11 PM IST

The new norms will include a 10 percent tax on corporates and individuals for gains made on assets worth over Rs 1 lakh: sources
Profits or gains arising from the transfer of a capital asset such as property, gold, shares and bonds are considered capital gains and taxed under the income head “capital gains".
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