Long term capital gain saving

Rahul Nagpal (Learner) (74 Points)

13 August 2012  

Dear all,

Please resolve my query .

An assessee is having Rs. 2 Lacs as salary income and a long term capital gain on sale of gold for Rs. 1 Lacs . In all the assessee is having a Gross Total Income Of Rs. 3 Lacs .

Now I want to know what is the tax liability ?

If the Tax is Rs. 20600 (being 20% LTCG +cess); how i can save it ?

Urgent reply needed. Thanks in Advance