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tax rates on capital gains

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(Querist)
06 June 2017 Will income tax on STCG on sale of non- agriculture land be calculated according to normal tax slab? And what about LTCG?
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Guest

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Guest (Expert)
06 June 2017 yes, in this case STC G is chargeable at slab rates. Had it been LTCG, tax rate would have been 20 %
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vaibhav singhi

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vaibhav singhi (Expert)
06 June 2017 Agreed but i would also suggest to look at section 54 exemptions
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Ankit Aggarwal

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Ankit Aggarwal (Querist)
07 July 2017 what will be the capital gains tax on sale of agricultural land? or sale of agricultural land is exempt?
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vaibhav singhi

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vaibhav singhi (Expert)
30 July 2017 if land is in rural area then exempt
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vaibhav singhi

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vaibhav singhi (Expert)
30 July 2017 if in urban then taxable

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