Capital gain
This query is : Resolved
04 December 2014
hello sir
my query is
if NRI transfer long term capital assets in mumbai.
how much rate of tax will be charged on this transaction
10% or 20%????
or any TDS implication in the hands of transferee?
plss.. guide with reference to income ta act 1961
my query is
if NRI transfer long term capital assets in mumbai.
how much rate of tax will be charged on this transaction
10% or 20%????
or any TDS implication in the hands of transferee?
plss.. guide with reference to income ta act 1961
CA Kumar Mukesh
(Expert)
04 December 2014
Can you specify type of asset on which long term capital earned
CA Kumar Mukesh
(Expert)
04 December 2014
The Tax will be 20% of long term capital gain with indexation as per section 112(1)(c)
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