{"id":8390,"date":"2025-12-23T10:56:30","date_gmt":"2025-12-23T10:56:30","guid":{"rendered":"https:\/\/margbooks.com\/blogs\/?p=8390"},"modified":"2025-12-23T10:58:58","modified_gmt":"2025-12-23T10:58:58","slug":"when-does-section-112a-of-income-tax-act-apply","status":"publish","type":"post","link":"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/","title":{"rendered":"When Does Section 112A of Income Tax Act Apply?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1c6e70;color:#1c6e70\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1c6e70;color:#1c6e70\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Understanding_Section_112A_of_Income_Tax_Act\" title=\"Understanding Section 112A of Income Tax Act\">Understanding Section 112A of Income Tax Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#When_Does_Section_112A_of_Income_Tax_Act_Apply\" title=\"When Does Section 112A of Income Tax Act Apply?\">When Does Section 112A of Income Tax Act Apply?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Basic_Applicability_Conditions\" title=\"Basic Applicability Conditions\">Basic Applicability Conditions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Long-Term_Holding_Requirement\" title=\"Long-Term Holding Requirement\">Long-Term Holding Requirement<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Assets_Covered_Under_Section_112A_of_Income_Tax_Act\" title=\"Assets Covered Under Section 112A of Income Tax Act\">Assets Covered Under Section 112A of Income Tax Act<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Assets_Excluded_From_Scope\" title=\"Assets Excluded From Scope\">Assets Excluded From Scope<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Role_of_Securities_Transaction_Tax_in_Applicability\" title=\"Role of Securities Transaction Tax in Applicability\">Role of Securities Transaction Tax in Applicability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Tax_Rate_and_Exemption_Threshold_Explained\" title=\"Tax Rate and Exemption Threshold Explained\">Tax Rate and Exemption Threshold Explained<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Exemption_Limit_of_%E2%82%B91_Lakh\" title=\"Exemption Limit of \u20b91 Lakh\">Exemption Limit of \u20b91 Lakh<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Calculation_Under_Section_112A_of_Income_Tax_Act\" title=\"Calculation Under Section 112A of Income Tax Act\">Calculation Under Section 112A of Income Tax Act<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Grandfathering_Rule_Explained\" title=\"Grandfathering Rule Explained\">Grandfathering Rule Explained<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Practical_Examples_for_Clarity\" title=\"Practical Examples for Clarity\">Practical Examples for Clarity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Reporting_and_Compliance_Requirements\" title=\"Reporting and Compliance Requirements\">Reporting and Compliance Requirements<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Disclosure_in_Income_Tax_Return\" title=\"Disclosure in Income Tax Return\">Disclosure in Income Tax Return<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Importance_of_Proper_Record-Keeping\" title=\"Importance of Proper Record-Keeping\">Importance of Proper Record-Keeping<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Common_Mistakes_Taxpayers_Make\" title=\"Common Mistakes Taxpayers Make\">Common Mistakes Taxpayers Make<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/margbooks.com\/blogs\/when-does-section-112a-of-income-tax-act-apply\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The section 112A of income tax act plays an important role in taxation of long term capital gains from equity investments in India. This provision has a direct impact on retail investors, high-net-worth individuals, professionals, and the owners of businesses who invest in listed shares and equity-oriented mutual funds. It was introduced to bring about equity gains under a defined tax framework and to safeguard small investors by way of a basic threshold for exemption.&nbsp;<\/p>\n\n\n\n<p>Understanding its applicability helps taxpayers to avoid mistakes in calculating tax, filing returns, and making disclosures. Whether the investments are tracked manually or by means of accounting software, clarity in this section ensures proper reporting and clarity of Indian income tax laws.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Section_112A_of_Income_Tax_Act\"><\/span>Understanding Section 112A of Income Tax Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The section 112A of income tax act cares for taxation of Long-term capital gains received from specified equity assets. Such gains before its introduction were exempt from Section 10(38). The exemption was eliminated in order to broaden the tax base and create confidence.<\/p>\n\n\n\n<p>This aims at ensuring that equity investments are taxed fairly without dissuading long term existence in Indian capital markets. It strikes a balance between revenue collection and protection of investors by only taxing gains in excess of a particular threshold.<\/p>\n\n\n\n<div class=\"btn-div\">\n\n    <a href=\"https:\/\/me9.in\/MBB\" class=\"marg-btn\" target=\"_blank\" rel=\"noopener\">Get Cloud-Based Accounting Software<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_Does_Section_112A_of_Income_Tax_Act_Apply\"><\/span>When Does Section 112A of Income Tax Act Apply?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Basic_Applicability_Conditions\"><\/span>Basic Applicability Conditions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The section 112A of income tax act is also applicable only if all the following conditions are satisfied:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Asset that is sold is an eligible equity asset.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The holding period qualifies itself to be long term.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Securities transaction tax is paid.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Capital gains exceed over basic exemption.<\/li>\n<\/ul>\n\n\n\n<p>Failure to satisfy even one condition made taxation fall under a different provision.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Holding_Requirement\"><\/span>Long-Term Holding Requirement<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An asset becomes long term when it is held for more than 12 months in case of listed equity instruments. Holding periods that are shorter result in gains that are subject to short-term taxation rules.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Assets_Covered_Under_Section_112A_of_Income_Tax_Act\"><\/span>Assets Covered Under Section 112A of Income Tax Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The section applies to long- term capital gains from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Equity shares listed on a recognised recognized Indian stock exchange<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Units of mutual funds with equity-oriented<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Units of business trusts<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>These assets must be transferred on or after 1st April 2018.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Assets_Excluded_From_Scope\"><\/span>Assets Excluded From Scope<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The following are unaddressed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unlisted equity shares<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Debt mutual funds<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Preference shares<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transactions stripping bonus disallowed by law.<\/li>\n<\/ul>\n\n\n\n<p>Business owners who invest the surplus funds need to check the classification of assets before using this section.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Role_of_Securities_Transaction_Tax_in_Applicability\"><\/span>Role of Securities Transaction Tax in Applicability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Payment of securities transaction tax is mandatory for both the acquisition and transfer of equity shares, and with the help of reliable <a href=\"https:\/\/margbooks.com\/online-accounting-software.html\">accounting software<\/a>, tracking such tax compliance becomes easier and more accurate. In the case of mutual fund units, STT is charged at the time of sale.<\/p>\n\n\n\n<p>If STT is not paid, then Section 112A of Income Tax Act does not apply, even if the asset is listed. This rule prevents the abuse of concessional tax rate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Rate_and_Exemption_Threshold_Explained\"><\/span>Tax Rate and Exemption Threshold Explained<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Long term capital gains taxable under Section 112A of Income Tax Act are taxed at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>10 percent without indexation<\/li>\n<\/ul>\n\n\n\n<p>This rate is only charged on gains over and above the exemption limit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exemption_Limit_of_%E2%82%B91_Lakh\"><\/span>Exemption Limit of \u20b91 Lakh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The first \u20b91,00,000 of long-term capital gains in a financial year is not taxed. It is only the excess amount that is taxable. This exemption applies from one taxpayer to another with accounting software, not from transaction to transaction.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"563\" src=\"https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/Income-Tax-Slabs-and-Rates.png\" alt=\"section 112a of income tax act\" class=\"wp-image-8391\" title=\"\" srcset=\"https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/Income-Tax-Slabs-and-Rates.png 1000w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/Income-Tax-Slabs-and-Rates-300x169.png 300w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/Income-Tax-Slabs-and-Rates-768x432.png 768w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/Income-Tax-Slabs-and-Rates-150x84.png 150w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Calculation_Under_Section_112A_of_Income_Tax_Act\"><\/span>Calculation Under Section 112A of Income Tax Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Choices of the sale value of the eligible equity asset.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lower acquisition cost through grandfathering rules.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Calculate long-term capital gain.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reduce \u20b91,00,000 exemption.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Apply a 10 percent tax on the balance.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Indexation benefit is not permitted.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Grandfathering_Rule_Explained\"><\/span>Grandfathering Rule Explained<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For assets acquired on or before 31st January 2018 cost of acquisition is calculated as:<\/p>\n\n\n\n<p>The statement of retained earnings record the revenue earned from the sale of goods and services.The higher of actual cost or lower of fair market value as on 31 January 2018 and sale price<\/p>\n\n\n\n<p>This shelters unrealised gains generated prior to introduction of taxation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Practical_Examples_for_Clarity\"><\/span>Practical Examples for Clarity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An employee buys listed shares and sells them at the end of three years, and gain \u20b92,50,000 is earned as long-term gain. After reduction of \u20b91,00,000 exemption, \u20b91,50,000 will be paid as tax. Accurate records kept by the software minimise calculation errors during return filing.<\/p>\n\n\n\n<p>A trader invests his excess cash in equity mutual funds and sells the mutual fund units after two years. Long-term gains exceed \u20b91,00,000. Tax is evolved under Section 112A of Income Tax Act although the source of income is business. Using MargBooks software helps to segregate the capital gains from the business income clearly.<\/p>\n\n\n\n<div class=\"btn-div\">\n\n    <a href=\"https:\/\/me9.in\/MBB\" class=\"marg-btn\" target=\"_blank\" rel=\"noopener\">Get Online GST Billing Software<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reporting_and_Compliance_Requirements\"><\/span>Reporting and Compliance Requirements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclosure_in_Income_Tax_Return\"><\/span>Disclosure in Income Tax Return<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Incomes in the form of gains must be reported by the taxpayers under Schedule CG of the income tax return. Details required include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ISIN<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sale value<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Acquisition cost<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Grandfathered value<\/li>\n<\/ul>\n\n\n\n<p>Errors in reporting can cause triggers of notices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Importance_of_Proper_Record-Keeping\"><\/span>Importance of Proper Record-Keeping<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investment statements, broker follow-up notes of contracts and valuation reports must be kept. Businesses operating under <a href=\"https:\/\/margbooks.com\/gst-billing-software.html\">GST billing software<\/a>, while performing their business operations, fail to consider the investment record and as a result serve as a cause of reconciliation issues. Our software makes it easier to track the movement of capital assets in conjunction with regular accounting data.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Mistakes_Taxpayers_Make\"><\/span>Common Mistakes Taxpayers Make<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Making incorrect application of indexation benefits.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ignoring STT requirement.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Missing Schedule disclosures of CG.<\/li>\n\n\n\n<li>Handling the exempt portion as fully taxable.<\/li>\n<\/ul>\n\n\n\n<p>These risks are reduced by professional review. It makes reporting easy for investors who are in charge of multiple portfolios.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The section 112A of income tax act directly affects the Indian taxpayers who make gains on equity investments over a long period of time. It sets out unequivocal conditions, limitations and rates for taxation as well as protection by grandfathering and exemption levels. Understanding asset eligibility, STT requirements and reporting obligations avoid expensive compliance mistakes. It is important that equity gains are treated separately from business income as well as salary income for investors, professionals and business owners.&nbsp;<\/p>\n\n\n\n<p>Proper documentation and proper math calculating continue to be essential to smooth assessments. Tools such as <a href=\"https:\/\/margbooks.com\/\">MargBooks software<\/a> support taxpayers to keep their records clean and in line with the taxation of investments with Indian income tax law under the section 112A of Income Tax Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The section 112A of income tax act plays an important role in taxation of long term capital gains from equity investments in India. This provision has a direct impact on retail investors, high-net-worth individuals, professionals, and the owners of businesses who invest in listed shares and equity-oriented mutual funds. It was introduced to bring about [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":8393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1948],"tags":[57,86,2099,54],"class_list":["post-8390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax","tag-cloud-based-accounting-software","tag-gst-billing-software","tag-income-tax-act","tag-online-accounting-software"],"blocksy_meta":[],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-150x150.jpg",150,150,true],"full":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3.jpg",1200,576,false]},"categories_names":{"1948":{"name":"Income Tax","link":"https:\/\/margbooks.com\/blogs\/category\/income-tax\/"}},"tags_names":{"57":{"name":"cloud based accounting software","link":"https:\/\/margbooks.com\/blogs\/tag\/cloud-based-accounting-software\/"},"86":{"name":"gst billing software","link":"https:\/\/margbooks.com\/blogs\/tag\/gst-billing-software\/"},"2099":{"name":"Income Tax Act","link":"https:\/\/margbooks.com\/blogs\/tag\/income-tax-act\/"},"54":{"name":"online accounting software","link":"https:\/\/margbooks.com\/blogs\/tag\/online-accounting-software\/"}},"comments_number":"0","wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-150x150.jpg",150,150,true],"cvmm-medium":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-300x300.jpg",300,300,true],"cvmm-medium-plus":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-305x207.jpg",305,207,true],"cvmm-portrait":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-400x576.jpg",400,576,true],"cvmm-medium-square":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-600x576.jpg",600,576,true],"cvmm-large":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-1024x576.jpg",1024,576,true],"cvmm-small":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3-130x95.jpg",130,95,true],"full":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/12\/TAX-3.jpg",1200,576,false]},"_links":{"self":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/8390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/comments?post=8390"}],"version-history":[{"count":1,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/8390\/revisions"}],"predecessor-version":[{"id":8392,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/8390\/revisions\/8392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/media\/8393"}],"wp:attachment":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/media?parent=8390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/categories?post=8390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/tags?post=8390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}