Section code 21 of ltcg ?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2014 dear experts,
what is section code 21 in long term capital gain?INCOME CHARGEABLE TO TAX AT SPECIAL RATE please explain thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 January 2014 it refers to section 112 LTCG...

please refer to the list of codes and relevant sections:

Section Code Rate in %. Section Code (only for XML purposes)

111A - STCG on shares where STT paid 15% 1A

112 - LTCG on listed securities/ units without indexation 10% 22

112(1)(c)(iii) - LTCG on unlisted securities in case of non-residents 10% 21ciii

112 - LTCG on others 20% 21

115BB - Winnings from lotteries, puzzles, races, games etc 30% 5BB

DTAA - Double Taxation Avoidance Agreement Rate to be left blank DTAA

111 - Tax on accumulated balance of
recognised PF 10% 1

115A(1)(a)(i)- Dividends, interest and income from units purchase in foreign currency 20% 5A1ai

115A(1)(a)(ii)- Interest received from govt/Indian Concerns recived in Foreign Currency 20% 5A1aii

Para E II of Part I of Ist Sch of FA - Income from royalty or technical services - Non-domestic company 50% FA

115A(1) (a)(iia) - Interest from Infrastructure Debt Fund 5% 5A1aiia

115A(1) (a)(iiaa) - Interest as per Sec. 194LC 5% 5A1aiiaa

115A(1) (a)(iii) - Income received in respect of units of UTI purchased in Foreign Currency 20% 5A1aiii

115A(1)(b)-1 - Income from royalty & technical services 30% 5A1b1

115A(1)(b)-2 - Income from royalty & technical services 20% 5A1b2

115A(1)(b)-3 - Income from royalty & technical services 10% 5A1b3

115AB(1)(a) - Income in respect of units - off -shore fund 10% 5AB1a

115AB(1)(b) - LTCG on units - off-shore fund 10% 5AB 1b

115AC(1) - Income from bonds or GDR purchases or capital gains - non-resident 10% 5AC

115ACA(1) - Income from GDR purchases or capital gains - resident 10% 5ACA

115B - Profits and gains of life insurance business 12.50% 5B

115BBA - Tax on non-residents sportsmen or sports associations 20% 5BBA

115BBB - Tax on income from units 10% 5BBB

115BBC - Anonymous donations 30% 5BBC

115BBE - Tax on income referred to in sections 68 or 69 or 69A or 69B or 69C or 69D 30% 5BBE

115E(a) - Investment income 20% 5Ea

115E(b) - Income by way of long term capital gains 10% 5Eb

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