capital gains pls very urgent
This query is : Resolved
10 September 2010
a private company has a short term capital gain on sale of plot. at what rate rate is it chargeable to tax ??? And where should this be shown in ITR 6 as there is no such place to specify this ???? Pls help fast
Thanks
Thanks
10 September 2010
taxable at 30% + surcharge 10% (if applicable) + ec 3%
show it in schedule cg.
show it in schedule cg.
10 September 2010
Schedule CG - Capital Gains
A) Short-term capital gain
3) From other assets
a) Full value of consideration (3a) 0
b) Deductions under section 48
i) Cost of acquisition (bi) 0
ii) Cost of Improvement (bii) 0
iii) Expenditure on transfer (biii) 0
iv) Total (bi + bii + biii) (biv) 0
c) Balance (3a – biv) (3c) 0
d) Loss, if any, to be ignored under section 94(7) or 94(8) enter positive values only (3d) 0
e) Exemption under sections 54B/54D/54EC/54G/ 54GA (3e) 0
f) Short-term capital gain (3c + 3d – 3e) (3f) 0
A) Short-term capital gain
3) From other assets
a) Full value of consideration (3a) 0
b) Deductions under section 48
i) Cost of acquisition (bi) 0
ii) Cost of Improvement (bii) 0
iii) Expenditure on transfer (biii) 0
iv) Total (bi + bii + biii) (biv) 0
c) Balance (3a – biv) (3c) 0
d) Loss, if any, to be ignored under section 94(7) or 94(8) enter positive values only (3d) 0
e) Exemption under sections 54B/54D/54EC/54G/ 54GA (3e) 0
f) Short-term capital gain (3c + 3d – 3e) (3f) 0
10 September 2010
schedule CG A)3)a) & b)
10 September 2010
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