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Tax rates

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15 April 2011 If partnership firm sales its property then on gain tax will charged @ 30% or 20% in case of indexsation & 10 % if in case of book value is considered for gain. Pl advice.
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
19 April 2011 In case of sale of property of partnership firm, capital gain will be taxed at 30% in case of short term capital gain or 20% in case of long tern capital gain (with indexation). option for LTCG without indexation is not available in this case
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