02 March 2010
Is long term Capital gain taxed as a separate item or is it added in regular income and taxed as per income tax slab rate? Kindly explain in reference to cases where total income is below taxable limit.
02 March 2010
Long term capital gain is taxable only if the total income is above taxable limits. And it taxed separately at special rate of 20% normally. Slab rates are not applied to LTCG.
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