Regarding exemption against long term capital gain
This query is : Resolved
Suresh S. Tejwani
(Querist)
28 February 2025
There is Two long term capital gains:-
1)without indexation 2,90,49,884.03 taxable @12.5%
2)with Indexation 61,67,455 taxable @20%
for which 1,25,000 exemption is available for A.Y 2025-26.
So, now the question is against which capital gain exemption will be available?
And beneficial for an individual?
1)without indexation 2,90,49,884.03 taxable @12.5%
2)with Indexation 61,67,455 taxable @20%
for which 1,25,000 exemption is available for A.Y 2025-26.
So, now the question is against which capital gain exemption will be available?
And beneficial for an individual?
Dhirajlal Rambhia
(Expert)
28 February 2025
The exemption is available u/s. 112A IT act over the LTCG arrived on equities or equity based MF units; not over LTCG u/s. 112 IT act.
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