Capital gain
This query is : Resolved
01 September 2014
Hi Sir,
Please help me to calculate the capital gain if earned by a seiner citizen of Gross Income for AY 2014-15 is Rs.5,07,193/- Please let me know is there is exemption of 2,50,000 and then taxable amount
Please help me to calculate the capital gain if earned by a seiner citizen of Gross Income for AY 2014-15 is Rs.5,07,193/- Please let me know is there is exemption of 2,50,000 and then taxable amount
01 September 2014
yes pallavi, pls refer to sec 111 & 112 , the assesses will get the basic exemption and than the capital gain will be taxable at the prescribed rate
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