03 August 2011
IS THERE ANY PROVISION FOR CALCULATION OF LONG TERM CAPITAL GAIN(OTHER THAN SHARES)HAVING TAX @20% WITH INDEXATION AND @10% WITHOUT INDEXATION.
03 August 2011
SUCH PROVISIONS ARE THERE UNDER SECTION 112(1) BUT LUCKILY THESE ARE APPLICABLE TO LISTED SECURITIES, OR UNITS OR ZERO COUPON BONDS. YOU MAY REFER THE PROVISO TO THE SUB SECTION 1.