Shote term capital gain
This query is : Resolved
14 November 2011
Dear Sir,
If a lady purchase a land for Rs 300000/- and sell it for Rs 600000/- than how much tax see nead to pay
If a lady purchase a land for Rs 300000/- and sell it for Rs 600000/- than how much tax see nead to pay
14 November 2011
STCG will arise on Rs. 300000/-
Slab rate will applicable
income upto 190000= nil
further Income 110000@10%=Rs.11000
Education cess 3%= 330
net liablity= Rs. 11330/-
Slab rate will applicable
income upto 190000= nil
further Income 110000@10%=Rs.11000
Education cess 3%= 330
net liablity= Rs. 11330/-
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