Treatment of capital gains
This query is : Resolved
22 September 2011
is capital gain is taxed under slab rates or each under different fixed percentage?
thank you.
thank you.
23 September 2011
The Tax Rate depends on the type of Capital Gain that you earned.
The tax rates will be different based on short term capital gain and long term capital gain that you earned.
Thanks,
CA M Sreenivasa Rao.
The tax rates will be different based on short term capital gain and long term capital gain that you earned.
Thanks,
CA M Sreenivasa Rao.
Message likes :
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24 September 2011
Long Term Capital Gain are taxed at Fixed rate of 20% Short term is taxed on slab rate as short term is to be treated as business income.
In addition 3% on tax EC is also payable
In addition 3% on tax EC is also payable
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