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Ltcg

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07 December 2013 HELP Why 20percent flat rate provided to ltcg and why ltcg exludes in GTI thanks in advance
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
07 December 2013 Rate being high because LTCG is sometimes happens in transaction. It can be considered as abnormal gain in our day to day transaction. Secondly it is excluded while calculating tax. It is a part of GTI as per section 80B(5) Accordingly, all five heads of Income is GTI. If further doubt then clarify with me.
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