Ltcg
This query is : Resolved
07 December 2013
HELP
Why 20percent flat rate provided to ltcg and
why ltcg exludes in GTI
thanks in advance
07 December 2013
Rate being high because LTCG is sometimes happens in transaction. It can be considered as abnormal gain in our day to day transaction. Secondly it is excluded while calculating tax. It is a part of GTI as per section 80B(5) Accordingly, all five heads of Income is GTI. If further doubt then clarify with me.
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