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Matter of Capital Gain in case of Trust

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(Querist)
22 December 2010 Is capital gain chargeable to tax at the flat rate of 20% if income of a trust is Rs. 30,220 in F.Y. 2009-2010
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
22 December 2010 no.
if any furthur capital asset purchased then ex avbl u/s 11

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