Income under ltcg
This query is : Resolved
13 November 2015
Dear Sir,
An assesse aged 73 years having income from Long Term capital gain of Rs.2775.00 and apart from that he has income from Interest on Fixed deposits of Rs. 1.60 Lacs. My question is that when he is filing ITR- 2 Long Term capital gain Tax @ 20% on Rs.2775.00 is not calculating. Please tell why the Return is not calculating Tax @ 20% on the income from capital gains.
Your reply would be helpful for me. Please suggest at the earliest.
Thanks,
Abhishek.
An assesse aged 73 years having income from Long Term capital gain of Rs.2775.00 and apart from that he has income from Interest on Fixed deposits of Rs. 1.60 Lacs. My question is that when he is filing ITR- 2 Long Term capital gain Tax @ 20% on Rs.2775.00 is not calculating. Please tell why the Return is not calculating Tax @ 20% on the income from capital gains.
Your reply would be helpful for me. Please suggest at the earliest.
Thanks,
Abhishek.
13 November 2015
It is because of the relief given in the proviso to section 112(1)(a).
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Free lancer income
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
