10 September 2010
a private company has a short term capital gain on sale of plot. at what rate rate is it chargeable to tax ??? And where should this be shown in ITR 6 as there is no such place to specify this ???? Pls help fast
10 September 2010
Schedule CG - Capital Gains A) Short-term capital gain 3) From other assets a) Full value of consideration (3a) 0 b) Deductions under section 48 i) Cost of acquisition (bi) 0 ii) Cost of Improvement (bii) 0 iii) Expenditure on transfer (biii) 0 iv) Total (bi + bii + biii) (biv) 0 c) Balance (3a – biv) (3c) 0 d) Loss, if any, to be ignored under section 94(7) or 94(8) enter positive values only (3d) 0 e) Exemption under sections 54B/54D/54EC/54G/ 54GA (3e) 0 f) Short-term capital gain (3c + 3d – 3e) (3f) 0
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