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Short term capital gain on sale of property

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Shammi_Vision

Shammi_Vision (Querist)
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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

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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24 March 2010 NORMAL RATE OF TAX AS PER SLAB OF YOUR INCOME

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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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

CA Ashok Kumar Sahu (Expert)
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25 March 2010 agree with expert

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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25 March 2010 yes normal slab rate will be applicable.

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