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Whether slab benefit available on long term capital gain?

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06 March 2013 Dear Sir,

We have a client who has long term capital gain during the A.Y.2013-14 around 13 lacs & she also has income from tutions around 3 lacs.

While computing her Advance tax liability, I want to make it clear that whether I can avail the benefit of slab while computing the tax on long term capital gain or at flat 20%?

Please help me out.

06 March 2013 Long term capital would be taxed at flat rate of 20%.

Since other income exceeds minimum amount not chargeable to tax, basic exemption will also be not available

20 March 2013 Yes

LTCG would be taxed at flat rate of 20%

Benefit of slab will be available on other income in your case




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