LTCG on sale of property

LTCG tax rate is 20% without indexation.

LTCG 20 % with indexation

I REQUEST TO ALL ABOVE FRIENDS PLEASE GIVE YOUR ANSWER IF YOU  KNOW  THE SECTION VERY WELL.....

YOU HAVE TO UNDERSTAND QUESTION AND THEN GIVE YOUR REPLY........

Long term capital gain @ 20% with indexation on sale of property........

10% IS OMITTED BY LAW NOW IT IS 15% SECTION 115-0

YES TAX COULD BE PAID WITHOUT INDEXATION IN CASE OF SHORT TERM CAPITAL GAIN.

you could refer section 115-0, 10(38), 47 fro your query.

ltcg on property is 20% taxable with indexation if property is older more than 3 years,if not than no indexation 

LTCG @ 20% would be charged on transfer of sale of property. 

if the asset is one of the following, than & than assessee has a option of calculating the capital gain tax.

 i) listed security

ii) units of UTI / Mutual fund ( not necessary being listed )

iii ) zero coupen bonds

if above mentioned criteria satisfied, then one can calculate the LONG TERM capital gain tax @ 20% with indexation or @ 10% without indexation, which one is beneficiary to the assessee,,,!!!!

Hope this will help you.

see section 112

https://taxbykk.blogspot.com/

LTCG is taxable @ 20% if the Indexation benifit is availed and without indexation it is chargeble to tax @ 10% . It is upto the assessee to decide as to which method can be followed. Secondly if S.T.T is paid on transfer of equity shares the long term gains thus araived is totally exempt from tax U/s 10(38).