Urgent and important

if i have only capital gain less then examption limit and greter the, that will be taxlibilty

Replies (5)

Please correct your question. It is not clear.

1. If your other income is less than the capital gain , only balance i.e. capital gain over and above the baisc exemption limit is taxable.

2. 80C can not be deducted from Long Term Capital Gain.

3. See this link.

/forum/long-term-capital-gain-query-47821.asp

Originally posted by : K Rajendra Prasad

Please correct your question. It is not clear.

1. If your other income is less than the capital gain , only balance i.e. capital gain over and above the baisc exemption limit is taxable.

2. 80C can not be deducted from Long Term Capital Gain.

3. See this link.

/forum/long-term-capital-gain-query-47821.asp

agree.

and pls clear the question.........

DEAR SIR

1) PLS PROVIDE ME THE DETAIL REBATE U/S 88 FROM THE FY 1985-86 TO 2005- 06 FULL DETAILS

2) STANDRED DEDUCTION U/S 16 FROM THE SAME YEARS ALSO

3) TAX SLAB RATE ALSO THE SAME YEAR DETAILED

4) RELIEF U/S 89(1) BUT TYPE OF SOFTWARE USED

PLS PROVIDE AS URGENT AND IMPT.

THANKS

VINOD VERMA

your question is not clear, but i think u should want to knew the examption limit is allowed in case of capital gains, yes it is allowed

for exm -  i got rs 50000/-  as capital gain and there is no other income

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