14 January 2011
Mr. X is resident in India & having Longterm Capital Gain of Rs.2,40,000 and Agricultural Income of Rs.5,20,000. what is the tax liability if Mr. X for A.Y.2011-2012
14 January 2011
If we presume that the Long term capital gain has suffered STT and also exempt from tax u/s. 10(38). the aggregation of Agricultural income will be applicable since the amount chargeable to tax is below taxable limits.
15 January 2011
Sir this capital gain is not exemot under section 10(38). it is on transfer of Land / Plot. please guide abt tax liability (how to calculate)
CAclubindia
