Short term capital gain on sale of property
This query is : Resolved
Shammi_Vision
(Querist)
24 March 2010
Dear sir,
I want to know what should be the tax rate and treatment of Short term capital gain arises on sale of house property or any other items except sale of shares under section 111A.
Thanks in advance
Shammi
I want to know what should be the tax rate and treatment of Short term capital gain arises on sale of house property or any other items except sale of shares under section 111A.
Thanks in advance
Shammi
CA Vijay Kumar Gupta
(Expert)
24 March 2010
NORMAL RATE OF TAX AS PER SLAB OF YOUR INCOME
24 March 2010
it will be treated as your normal income and thus normal tax rate applicable to the person will be applied
CA Ashok Kumar Sahu
(Expert)
25 March 2010
agree with expert
CA Ravi Sisodia
(Expert)
25 March 2010
yes normal slab rate will be applicable.
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