Investment Law

India’s New Rule for Computation of Short-Term Capital Gains to Increase Tax Liability for Businesses

On July 7, 2021, the Central Bureau of Direct Taxes (CBDT) notified new rule 8AC for computation of non-permanent capital positive aspects (STCG) and written-down fee (WDV) below Section 50 of the Income Tax Act, 1961. The new rule lays out the computation techniques of STCG and WDV relevant for these organizations which have received […]