SURCHARGE ON LONG TERM CAPITAL GAINS
This query is : Resolved
06 October 2022
I AM INTENDING TO SELL A PROPERTY FOR WHICH THERE IS A LONG TERM CAPITAL GAINS OF AROUND 4.5 CR - HAS THE SURCHARGE FOR AY 23-24 BEEN CAPPED TO 15% OR IS IT STILL 25%
REGARDS - RAJEEV
REGARDS - RAJEEV
06 October 2022
Correct... From Assessment Year 2023-24 onwards:
The maximum rate of surcharge on tax payable on dividend income or capital gain referred to in Section 112, is also capped at 15%.
The maximum rate of surcharge on tax payable on dividend income or capital gain referred to in Section 112, is also capped at 15%.
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