*Ostroff, Fair and Company>>>India Taxes

What are thechanges in latest indian budget regarding capital gains ?

There are two changes
1. Section 54 ED has been scrapped which provided that in case that the capital gains arising from transfer of long term capital asset, being listed securities or units of a mutual fund or of the Unit Trust of India shall be exempt from tax if invested in equity shares forming part of an eligible issue of capital, made by a public company, and offered for subscription to the public.
2.Bonds issued by National Roadways or National Highways shall also be eligible for claiming exemption under Section 54 Ec of the I T Act

On the individul front, I think none, though on the corporate front there are some changes.

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