tax rates on capital gains
This query is : Open
06 June 2017
Will income tax on STCG on sale of non- agriculture land be calculated according to normal tax slab?
And what about LTCG?
Guest
Guest
(Expert)
06 June 2017
yes, in this case STC
G is chargeable at slab rates.
Had it been LTCG, tax rate would have been 20 %
06 June 2017
Agreed but i would also suggest to look at section 54 exemptions
07 July 2017
what will be the capital gains tax on sale of agricultural land? or sale of agricultural land is exempt?
30 July 2017
if land is in rural area then exempt
30 July 2017
if in urban then taxable
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