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sec 112A slab availability
how much slab is available for individual and to HUF us 112A
Replies (3)
As per Section 112A, long-term capital gains arising from transfer of an equity share, or a unit of an equity oriented fund or a unit of a business trust shall be taxed at 10% (without indexation) of such capital gains. The tax on capital gains shall be levied in excess of Rs. 1 lakh.
thank you sir, but is there a seperate exemption limit (except of 100000) for huf?
No. Except for resident Individual and HUF, the gain is adjustable against any short in basic exemption limit.
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