capital gain
This query is : Resolved
18 April 2010
If benifit arises to assesse,Is there any option for assesse to charge long term capital gain at the rate of 10%(i.e without indexation ) instead of 20%(i.e with indexation ) on any immovable property, for eg:-house property.
if yes under which provision,because i didn't found in AHUJA'S BOOK.
ITS URGENT.
if yes under which provision,because i didn't found in AHUJA'S BOOK.
ITS URGENT.
18 April 2010
The referred option is not allowed for immovable property. In other words the so called option is for listed securities/units/zero coupon bonds vide proviso to section 112(1)(d) of the Income tax Act,1961.
21 April 2010
THANK YOU VERY MUCH SIR.
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