This is regarding the tax planning for companies in respect of capital gain. A company has sold one its real estate property (long term and the company is not into the real estate business). On capital gains the company will have to pay tax @ 20% and if it is going to distribute the profit as dividend again dividend tax of around 16.99% needs to be paid. and if the net income is exceeding 1crore then surcharge of 10% shall also be considered. Totally around 49% including cess will have to set aside for tax, is there any tax planning for this any provision to avoid tax except 54G and 50EC provisions.
Thanks in advance.
CAclubindia
