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Capital gains on coal mins
what would be the head of income for sale of coal mine incase its cg then what would be the rate for ltcg and incase it would be consider to sale a right then what should be the rate or it should be taken as pgbp
can anyone suggest
incase its a cg then exemption under 54 for ltcg can be claimed ??
Replies (3)
it will be taxable under the head cap gain as ltcg. rate of tax will be 20% +surcharge if applicable + 3%.
exemption u/s 54 shall not be available. exemption u/s 54 EC or 54 F can be claimed.
exemption u/s 54 shall not be available. exemption u/s 54 EC or 54 F can be claimed.
are you sure about this or you just giving overview of cg.how can a person sale coalfield its the right of extraction of coal can be sold ?? can you give a light on this. since coalfields are regulted by gov i dont think he can sell it.
Sale of property includes extinguishment of rights & coal mines sale will be covered under extinguishment of rights.
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