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Whether slab benefit available on long term capital gain?

This query is : Resolved 
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(Querist)
06 March 2013 Dear Sir,

We have a client who has long term capital gain during the A.Y.2013-14 around 13 lacs & she also has income from tutions around 3 lacs.

While computing her Advance tax liability, I want to make it clear that whether I can avail the benefit of slab while computing the tax on long term capital gain or at flat 20%?

Please help me out.
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
06 March 2013 Long term capital would be taxed at flat rate of 20%.

Since other income exceeds minimum amount not chargeable to tax, basic exemption will also be not available
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Prakash Tolani

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Prakash Tolani (Expert)
20 March 2013 Yes

LTCG would be taxed at flat rate of 20%

Benefit of slab will be available on other income in your case
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