Capital gain tax
This query is : Resolved
14 March 2012
Dear Sir
Can a company pay capital gain tax without indexation @10 % on sale of land
Can a company pay capital gain tax without indexation @10 % on sale of land
15 March 2012
No ,because company has to pay @ 20% as per section 112 (1) (b) (ii) of the Income tax Act,1961.
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