Capital gains
This query is : Resolved
24 July 2012
Is there tax applicable ,if LTCG in sale of house is Rs.63,890 and theres been deduction in 80 C for Rs.1,00,000
24 July 2012
Deduction under section 80-C to Section 80-U are not allowed against LTCG
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24 July 2012
It depends on gross income of assessee except the LTCG. If total income including LTCG is within the basic exemption limit then their will not be any tax.
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