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Cess on Capital Gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2010 Is education cess which is leviable on teh income tax also applicable for short term and long term capital gains tax.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 June 2010 YES
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CA.Pujah

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CA.Pujah (Expert)
09 June 2010 yes. Education cess is payable on total tax payable, irrespective of the head under which the income falls.
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