Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2010
Friends can any one tell me
If longterm capital gain 100000 RS to an assessee should i need to calculate tax at 20% or not .
whether the concept of tax relief till 160000 rs will reflect or not
If longterm capital gain 100000 RS to an assessee should i need to calculate tax at 20% or not .
whether the concept of tax relief till 160000 rs will reflect or not
Aditya Maheshwari
(Expert)
28 May 2010
LTCG on sale of shares on which STT is paid is exempt u/s 10(38).
In case of other sale tax payable @ 20%.
If total income including LTCG does not exceed basic exemption then tax not payable.
In case of other sale tax payable @ 20%.
If total income including LTCG does not exceed basic exemption then tax not payable.
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