Circular No. 6/2024 — LTCG rate change — transitional provisions, indexation
Date: 2024-01-01 Status: ACTIVE Category: Capital Gains Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Transitional provisions following LTCG tax rate change and removal of indexation benefit for certain assets.
Key Directions
- LTCG on listed equity: 12.5% without indexation.
- LTCG on unlisted assets: 12.5% without indexation.
- Grandfathering: cost as on 31-Jan-2018 for listed securities.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 112A | — | Needs Review |
Cross-References
Act Sections
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars