Capital gain computation - availability of slab benefits
This query is : Resolved
Tarang Agrawal
(Querist)
20 March 2016
Would slab benefit be available to a AOP/BOI/ other artificial juridical person while levying CG tax u/s 111A or 112, as the case may be ?
Ankur Singhal
(Expert)
20 March 2016
Dear
U/s 111A TAX RATE is 15%. No slab rate benefit is available.
Slab benefit on stcg is available if the stcg is resulted due to sale of property.
In this case no slab rate benefit u/s 111A and 112.
U/s 111A TAX RATE is 15%. No slab rate benefit is available.
Slab benefit on stcg is available if the stcg is resulted due to sale of property.
In this case no slab rate benefit u/s 111A and 112.
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20 March 2016
Section 112 (1)(d)(ii) doesn't permit to avail slab rate of taxation.
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Ankur Singhal
(Expert)
20 March 2016
Dear
Slab benefit is available on stcg under section 111A.
Slab benefit is available on stcg under section 111A.
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