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Surcharge is applicable on ltcg u/s 112
whether surcharge is applicable on ltcg u/s 112 in case of companies?
Replies (4)
Yes. HE Cess is applicable u/s 112 @ 4%.
Sir it's not about cess, it's about surcharge
Sorry sorry and yes surcharge is also applicable @ 7% or 12% in case of domestic company.
Yep Surcharge is applicable if total income including capital gain exceed 1 crore @ 7% And if income exceed 10 crores than 12%.
In case of Capital gain, Surcharge is applicable only if total income exceed certain limit.
But in case of 111A & 112A maximum surcharge can be 15% only.
In case of Capital gain, Surcharge is applicable only if total income exceed certain limit.
But in case of 111A & 112A maximum surcharge can be 15% only.
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