Which items does section 112 apply and does it specifically rule out this benefit for sale of land?

Question

section 112 provides "benefit of option regarding indexation ie 10% on LTCG without indexation or 20% with indexation".

But,surely Long Term Capital Gain tax is not applicable to securities and mutual funds any more. A Securities Transaction tax is levied instead.

So how can this section apply to LTCG on securities and units?

Which items does section 112 apply and does it specifically rule out this benefit for sale of land?

Answer 1

what is LTCG?

if u sell a land the tax is applicable and is calculated the difference amount of ur selling price and its buyingprice and inflation