Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2012
dear sir/madam,
when should one calculate tax on capital gains with indexation and without indexation.
when should one calculate tax on capital gains with indexation and without indexation.
Dintakurthi Tirumala
(Expert)
17 September 2012
For long term assets Indexation based captial gain/loss will be compute.
In the following cases Indexation benefit not available.
i)Short term capital assets;ii)Bonds and debentures;iii)Where option of 10% tax rate is availed u/s112;iv)Slump sale u/s 50B; and v)Sale of shares or debentures by non-residents.
In the above five cases indexation benefit not available event though transferd assets is Long-term asset.
Except for the above cases for all cases capital gain/loss computed with Indexation.
OM SAI SRI SAI JAI JAI SAI
In the following cases Indexation benefit not available.
i)Short term capital assets;ii)Bonds and debentures;iii)Where option of 10% tax rate is availed u/s112;iv)Slump sale u/s 50B; and v)Sale of shares or debentures by non-residents.
In the above five cases indexation benefit not available event though transferd assets is Long-term asset.
Except for the above cases for all cases capital gain/loss computed with Indexation.
OM SAI SRI SAI JAI JAI SAI
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