26 July 2016
Hi Total income is (excluding short and long term capital gain) 650000 after deduction of 150000 short term capital gain is 45000 long term capital gain is 185000 how tax liability computed..?
28 July 2016
Nature of long term and short term capital gain is not specified. Normally long term capital gain is chargeable at special rate of 20% (section 112). In case of short term capital gain received from transfer of listed shares, such income is chargeable @ 15%.
28 July 2016
ok...thanx I downloaded ITR 2 excel sheet but there is no place to fill up the details of long term capital gain on listed shares shares....I tried to fill up details but 10% tax is attracted.... where to show that income?
CAclubindia
