computation

This query is : Resolved

muthu (Querist)
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13 July 2009 Gapital gain 363000
Less: Expenses 36710
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326290
Less: Deduction 80-c 36860
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289430
income tax thereon 13943
edu 418
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tax payable 14361

above statement correct? any way reduce tax?

muthu

muthu (Querist)
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13 July 2009 kindly explain me

NITIN

NITIN (Expert)
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14 July 2009 Due to lack of detaile it is not possible to checkit. However for your information following information is relevant:

1. In case of capital gain from equity Se 10(36) abd 10 (38) is applicable.

2.Provisions of Sec 112 and 111A is applicable

3. 80C deduction is not possible in case of if benefits u/s 112 and 111A is taken

4. In case of Indivudual/HUF assessee basic exemption limit apply fot total income

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NITIN

NITIN (Expert)
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14 July 2009 Also in case of long term indexation benefit is applicable