12 January 2018
Hi, Suppose I have sold Property of inr 180000 and Purchase value of property is 0. Total income in this year is also inr 180000. so i want to know that this income is taxable as per LTCG rate or it may be exempted due to low income as per slab rate
12 January 2018
if total income excluding long term capital gains falls short of maximum amount not chargeable to tax then LTCG will be reduced by such shortfall and on balance LTCG tax will be computed.
CAclubindia
