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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2014 I want to compute income tax on transfer of house property on long term and short term gain.
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AVTAR SINGH

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AVTAR SINGH (Expert)
23 January 2014 Income tax on LTCG on transfer of house property is 20%+cess.

The short term cap. gain is included in the total income and normal tax rates are applied.
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@VaibhavJ

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@VaibhavJ (Expert)
23 January 2014 Pl refer on more details: http://www.charteredclub.com/section-54/

Thx
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