I sold a land before 3 year and made some capital gain on that. I indended that CG for excemption u/s 54. but i didn't use for that purpose, need i want to pay Income tax with interest? if any what is the percetage and other conditions?
Menu
Need i pay interest to cg
Replies (1)
Hi,
I don't get the word 'indended'..is it indexed or intended?
If it is indexed...you cannot index STCG.
as for intended, Income tax is payable @ 15% (special rate) on the amount of STCG.
Interest is payable if you don't pay tax on time.
Regards
Prateek
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
