Computation of tax liability
This query is : Resolved
28 November 2014
LONg term capital gain- 20000
short term capital gain 111A- 10000
business income- 20000
winning from lottery - 5000
what is tax liability if assesse age is 40???
CA Kumar Mukesh
(Expert)
28 November 2014
Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed
and other incomes are less than 200000/- therefor slab benefit will be allowed
CA Kumar Mukesh
(Expert)
28 November 2014
Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed
and other incomes are less than 200000/- therefor slab benefit will be allowed
Rupesh Jain
(Expert)
29 November 2014
tax to be paid on lottery income @ 30% . other income below rs. 200000/- then no tax.
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