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Residential house property - capital gain tax rate

This query is : Resolved 
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(Querist)
23 September 2014 Hi Friends,

what is the tax rate in case long term residential house property is sold .


is it required to add 3% education cess and 10% surcharge (income exceed 1Cr.)


In my calculation Ex.
Tax@20% 5700000
Add: surcharge @ 10% 570000
Add: cess @3% 188100
-------
Total Tax 6458100

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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
23 September 2014 Yes education cess 3% and surcharge @10% applicable.

Your calculation is correct.
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