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direct tax
if I have only LTCgu/s112A Rs.2000000 than hu I calculate my tax liability?????
Replies (1)
Taxable u/s. 112A.... 20- 1 = 19 lakhs
Less basic exemption..... say 2.50 L
Tax liability 10% on 16.5 L i.e. 1.65 L + 4% cess...
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