Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2013
My client has sold a property. He is liable to pay Long Term Capital Gain. The query is if he does not want to take the advantage of cost of indexation. How much Capital Gain tax does he have to pay. Under my impression he have to pay 10 %. Please suggest me at the earliest with Section. If the rate is 20 % only then y should he not claim cost of indexation ? Thanks.
CA Pallav Singhania
(Expert)
13 September 2013
20 percent tax under long term gain...
13 September 2013
10% option with out indexation if only for listed securities or unit or 0 coupon bonds and not for immovable property.
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Nikhil Kaushik
(Expert)
13 September 2013
please refer to section 112(1) and refer to Warrier Sir's advice.
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