Is LTCG double taxed?
This query is : Resolved
Quick Summary
04 March 2024
I have Shares LTCG of RS 2 lakh. That means LTCG tax would be 10% of (2 lakh - 1 lakh) = RS 10000
My query is does LTCG goes through double tax i.e. LTCG Tax and Income Tax as per slab rate.
My query is does LTCG goes through double tax i.e. LTCG Tax and Income Tax as per slab rate.
CA R SEETHARAMAN
(Expert)
04 March 2024
It's taxable only at 10% and not as per slab rete. No double taxation.
CA R SEETHARAMAN
(Expert)
05 March 2024
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