Capital gain
Querist : Anonymous
indexed cost- 175000/-
sale price-11,00,000/-
other income-nil
status-resident , senior citizen.
Assessment year 2013-14.
Investment u/s. 54 EC REC bonds Rs.500000/-
please let me know the amount of tax to be paid .
HINTS FOR TAX CALCULATION :
TAXABLE CAPITAL GAIN = 1100000-175000-500000
= 425000
.
TAX @ 20% ON (425000-200000)=45000+EC+HEC
.
Querist : Anonymous
Regards
.
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