Taxmann's Budget Marathon | Capital Gains | Suvira Agarwal – Partner | Grant Thornton Bharat

Union Budget 2023 | Capital Gains | February 03, 2023 1

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Taxmann's Budget Marathon | Capital Gains | Suvira Agarwal – Partner | Grant Thornton Bharat

Published on Feb 9, 2023

✔️ New Provisions • Special provision for computation of Capital gains in case of market-linked debentures • Conversion of gold to Electronic Gold Receipts (EGR) and vice versa • Tax rates prescribed for new manufacturing co-operative societies ✔️ Amendment in existing provisions • Capital gains deduction on residential property • Cost of Acquisition/ Improvement of self-generated intangible assets and rights • Prevention of double deduction claimed on interest on borrowed capital • Clarification on capital gains on consideration received through cheque, draft, etc. in case of JDA • Sunset clause on tax exemption on relocation of offshore funds to an Indian fund located in IFSC

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