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Long term capital gain > 1 crores -surcharge applicable?

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 Dear Sir,

Kindly confirm if the income from Long Term Capital Gain exceeds Rs.1 Crore, whether the Surcharge @ 10% and Education Cess @ 3% is applicable?
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Ca Jai Prakash Agarwal

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Ca Jai Prakash Agarwal (Expert)
30 June 2014 Pls clarify whether the assessee is individual or company.

In case of the domestic comoany surcharge @ 5% is charged if the total income exceeds Rs. 1 crore.

Here the concept is of total income and not of source of income.
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2014 yes on individual also surcharge applicable if income is exceeds one crores.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 Yes, This is for Individual
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 yes also applicable for individual.

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