28 March 2012
sIR, assesse has sold Plot with in one year with profit of Rs. 110900/- (Sale - (purchase + Exps). her other income is 103126/-. please tell me computation of tax.. for A.Y. 2011-12
28 March 2012
Computation of total Income:- Capital gains- Rs. 110900 Income from other souces- Rs. 103126 Gross Total Income- Rs. 214026 Tax would be 10.3% of 24026(214026-190000) i.e Rs.2475