Capital gains
This query is : Resolved
25 March 2013
Respected Experts
can an assessee take the benefit of without indexation cost in case of sale of a land property - ie can he taking the advantage of 10% capital gain tax benefit
or they are to take the advantage of index benefit & to pay 20% tax
Thanks
Debashis Mandal
can an assessee take the benefit of without indexation cost in case of sale of a land property - ie can he taking the advantage of 10% capital gain tax benefit
or they are to take the advantage of index benefit & to pay 20% tax
Thanks
Debashis Mandal
25 March 2013
Cost of landed property has to be necessarily indexed for the purpose of capital gains computation.
With out indexation and 10% tax rate etc is only for listed securities /unit/ zero coupon bonds. Please see proviso to section 112.
With out indexation and 10% tax rate etc is only for listed securities /unit/ zero coupon bonds. Please see proviso to section 112.
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