Tax payable on Capital Gains
This query is : Resolved
18 July 2008
My client who is a residend women below 65 yrs of age.Her Income for A.Y. 2008-09 consist of Rs. 3.00 lacs from long term capital gains eligible for special rate of tax u/s 112 & Rs. 3.00 lacs from short term capital gains eligible for special tax rate u/s 111A. She has no other income. She has also made investment of Rs. 1.00 lac for claiming deduction u/s 80-C.
Please compute tax liability.
Please compute tax liability.
18 July 2008
dedcut the basic exemption from the long term liability.
then compute the tax on both the taxes.
then claim the 80c benfit.
then compute the tax on both the taxes.
then claim the 80c benfit.
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