Easy Office
LCI Learning

Is LTCG double taxed?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 March 2024 It's taxable only at 10% and not as per slab rete. No double taxation.
Profile Image

San Gai

Profile Image

San Gai (Querist)
04 March 2024 Thank you Sir. Got it.



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 March 2024 You are welcome...
...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links