Regarding section 112A

long term capital gain is below 1 lakhs
then what is the tax rate as per 112A?


as per section 112A LTCG is more than 1lakhs the rate of tax is 10%

what about less than 1 lakhs gain..?

whether it is exempt or taxable
Replies (3)

exempted u/s 10(38)

exempt

Just not taxable u/s. 112A, as not crossed limit of 1 lakh ...

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