Ltcg
Friends pls clarify below doubts regarding capital gain,
1) if unlisted debentures are sold during 1-4-14 to 1-10-14, then the period of holding, if the assets has to be considered as long term, should be 36 months or 12 months?
2) if listed equity oriented mutual funds are sold(long term assest), then will the assessee have the option to tax it @ 20% without claiming indexation?
Replies (3)
1) Period of holding for unlisted debentures is >36 months to be long term capital asset (listed debentures are treated as long term capital asset if held for >12 months)
2) If transaction is subject to STT, then LTCG is exempt from tax else compute LTCG @ 10% without indexation or @ 20% with indexation, whichever is beneficial
thanks for the reply
if land period of holding is more than 36 month and building period of holding is less than 36 months
How to calculate capital gain?
is building separate and land separately calculated. ?
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