Long term capital gain > 1 crores -surcharge applicable?
Querist : Anonymous
Kindly confirm if the income from Long Term Capital Gain exceeds Rs.1 Crore, whether the Surcharge @ 10% and Education Cess @ 3% is applicable?
In case of the domestic comoany surcharge @ 5% is charged if the total income exceeds Rs. 1 crore.
Here the concept is of total income and not of source of income.
Querist : Anonymous
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