Return filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2018
I have a profit of rs 50000.fifty thousand being long term capital gain on equity sale.My total income is less than rs. 200000 two lak. do i need to pay any tax on long term capital gain and file the return of incometax.
CA Ankit R Momaya
(Expert)
07 September 2018
No, you are not required to Pay any tax on your income as your Gross Total Income does not exceed the maximum amount not chargeable to tax.
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