capital gains urgent pls
This query is : Resolved
10 September 2010
if a plot of land is sold. And the gains on the land is short term. At what rate is it chargeable to tax ?
Thanks
Thanks
10 September 2010
Dear Ashay,
In this case STCG will be chargeable from normal rate of taxes.
Please note that 15% rate on STCG applicable only on Equity Shares transferred not on any other STCG.
Regards!!!
Dinesh S. Adhikari
In this case STCG will be chargeable from normal rate of taxes.
Please note that 15% rate on STCG applicable only on Equity Shares transferred not on any other STCG.
Regards!!!
Dinesh S. Adhikari
Aditya Maheshwari
(Expert)
10 September 2010
at normal slab rates applicable.
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