Tax
This query is : Resolved
02 June 2014
If I sell my debentures purchased on 2 April 2009, 2day.at Rs 1,00,000.D long term capital gain I get will it be taxed at 10% or 20%??
plz guide
03 June 2014
since there is long term capital gain, indexation benefit is available to you.
Calculate,
(1) tax liability with 20% rate using indexation
(2) tax liability with 10% without indexation
whichever is less of 1 or 2, will be considered as final tax liability
Calculate,
(1) tax liability with 20% rate using indexation
(2) tax liability with 10% without indexation
whichever is less of 1 or 2, will be considered as final tax liability
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
