While calculating the total income to decide on the rate of surcharge on income tax, if the income includes LTCG, and there is brought forward loss in LTCG, should one take the total LTCG for the year before deducting brought forward loss or take the net LTCG?
Total income for calculating the surcharge rate
Replies (1)
Surcharge is calculated on total income, which means after deducting the arrears.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
