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(Querist)
26 July 2016 Hi
Total income is (excluding short and long term capital gain) 650000 after deduction of 150000
short term capital gain is 45000
long term capital gain is 185000
how tax liability computed..?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
28 July 2016 Nature of long term and short term capital gain is not specified. Normally long term capital gain is chargeable at special rate of 20% (section 112). In case of short term capital gain received from transfer of listed shares, such income is chargeable @ 15%.

Other incomes you specified are at normal rates.
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rahul vishwas mehendale

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rahul vishwas mehendale (Querist)
28 July 2016 ok...thanx
I downloaded ITR 2 excel sheet but there is no place to fill up the details of long term capital gain on listed shares shares....I tried to fill up details but 10% tax is attracted....
where to show that income?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
28 July 2016 Long term capital gain on listed shares is exempt.
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