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Total Income consideration for Surcharge calculation

Tax queries 545 views 1 replies

Hi Friends,

Please help to understand if LTCG income from equity is added in Total Income post considering exemption of Rs 1 Lacs or before considering this exemption. Your response with illustration will be helpful. Thanks

Replies (1)

Utility considers it before exemption.

It distinguishes the difference of total income & taxable income...


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