Itr for individual not liable to tax audit
This query is : Resolved
ntc pioneer
(Querist)
16 July 2023
Fy 22-23 (old tax regime)
Income
Ltcg under 112 a-400000
Exemptions
Standard deduction-50000
What is the tax liability ? Will the tax liability change if the ltcg of 400000 is
a) for ltcg charged under 10%
b) for ltcg charged 20%
Income
Ltcg under 112 a-400000
Exemptions
Standard deduction-50000
What is the tax liability ? Will the tax liability change if the ltcg of 400000 is
a) for ltcg charged under 10%
b) for ltcg charged 20%
CA R SEETHARAMAN
(Expert)
17 July 2023
Yes, tax liability will change to 20% for ltcg.
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