computation
This query is : Resolved
13 July 2009
Gapital gain 363000
Less: Expenses 36710
-------
326290
Less: Deduction 80-c 36860
-------
289430
income tax thereon 13943
edu 418
--------
tax payable 14361
above statement correct? any way reduce tax?
Less: Expenses 36710
-------
326290
Less: Deduction 80-c 36860
-------
289430
income tax thereon 13943
edu 418
--------
tax payable 14361
above statement correct? any way reduce tax?
14 July 2009
Due to lack of detaile it is not possible to checkit. However for your information following information is relevant:
1. In case of capital gain from equity Se 10(36) abd 10 (38) is applicable.
2.Provisions of Sec 112 and 111A is applicable
3. 80C deduction is not possible in case of if benefits u/s 112 and 111A is taken
4. In case of Indivudual/HUF assessee basic exemption limit apply fot total income
1. In case of capital gain from equity Se 10(36) abd 10 (38) is applicable.
2.Provisions of Sec 112 and 111A is applicable
3. 80C deduction is not possible in case of if benefits u/s 112 and 111A is taken
4. In case of Indivudual/HUF assessee basic exemption limit apply fot total income
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