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CAPITAL GAIN
Sir my capital gain after sale of house property is below 5lacs.. is it taxable?? as my gain is below slab rate....
Replies (2)
Yes it is taxable. LTCG / STCG is taxed at a flat rate and not as regular total income.
It depends..
If it is short term capital gain then rebate is applicable .So there won't be any tax upto 5lacs.
However long term capital gain is taxable since tax payer get benefit in the form of indexation and other 54 series deductions.No rebate applicable.It is taxable..
Under both the cases upto 250000/- exempt
If it is short term capital gain then rebate is applicable .So there won't be any tax upto 5lacs.
However long term capital gain is taxable since tax payer get benefit in the form of indexation and other 54 series deductions.No rebate applicable.It is taxable..
Under both the cases upto 250000/- exempt
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