Capital gain taxability
This query is : Resolved
Aarav jain
(Querist)
21 April 2013
What is tax liability if the co.has only capital gain and no other business income...Flat rate 30% will apply while computing tax liability???
CA Vikas Acharya
(Expert)
21 April 2013
in case of capital gain, specials rate will be applicable
eg
for long term 20%
for long term but equity shares stt paid nil
for short term equity shares stt paid 15%
for other short term and any other income flat 30%
eg
for long term 20%
for long term but equity shares stt paid nil
for short term equity shares stt paid 15%
for other short term and any other income flat 30%
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