Short term capital gain

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Querist : Anonymous

Querist : Anonymous (Querist)

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

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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

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Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2012 oh means such capital gain income treat as reguler income for for normal tax rate computation..

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CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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28 March 2012 yes, STCG is charged as per Slab rate of the tax payer.

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