Long term capital gain
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2016
if someone has only long term capital gain of Rs 2 lakh and no other income. whether he required to pay tax @ 20% on long term capital gain?
19 December 2016
no, in case of individual if there is no other income LTCG,STCG is set off against basic exemption limit only amount in excess of limit is taxable @20%
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