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Basic of income tax
tax liability of resident individual having long term capital gain is 3.5 lakh shall be?
Replies (3)
Up-to 2.5 l basic exemption limit and remaining amount is chargeable at @ 20%
assuming that no other is there
assuming that no other is there
If assessee have no other income except capital gain then tax will be 7800 after rebate u/s 87A
Thank you
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