Treatment of capital gains
This query is : Resolved
22 September 2011
is capital gain is taxed under slab rates or each under different fixed percentage?
thank you.
thank you.
23 September 2011
The Tax Rate depends on the type of Capital Gain that you earned.
The tax rates will be different based on short term capital gain and long term capital gain that you earned.
Thanks,
CA M Sreenivasa Rao.
The tax rates will be different based on short term capital gain and long term capital gain that you earned.
Thanks,
CA M Sreenivasa Rao.
Message likes :
1 times
24 September 2011
Long Term Capital Gain are taxed at Fixed rate of 20% Short term is taxed on slab rate as short term is to be treated as business income.
In addition 3% on tax EC is also payable
In addition 3% on tax EC is also payable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- RCM - commercial rent paid to URP under GST
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- Payable outstanding for years disallowance
- DTCP approval
- Whether still royalty
- Strategic Performance Management and Business Valuation
- Appeals vs Writ court -certain doubt
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
