Long term capital gain taxation

 If the assessee is a resident individual or HUF the basic exemption not exhausted by other income can be claimed from the long term capital gains amount.. i e if its the only income for the assessee the full basic exemption can be claimed

so here the basic exemption not exhausted by other incomes can be deducted from LTCG and the bal is to be taxed at 20%

Agree with Hareesh

Agree with Hareesh

Mr.Prabhakar

since there is no other income, LTCG will be taxed at 20% after providing the basic exemption....so it will be 38022/-