CAPITAL GAIN
HANNAN SHAIK (292 Points)
09 March 2020
Sir my capital gain after sale of house property is below 5lacs.. is it taxable?? as my gain is below slab rate....
2 Replies
Kapadia Pravin
(17264 Points)
Replied 09 March 2020
Yes it is taxable. LTCG / STCG is taxed at a flat rate and not as regular total income.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 09 March 2020
It depends..
If it is short term capital gain then rebate is applicable .So there won't be any tax upto 5lacs.
However long term capital gain is taxable since tax payer get benefit in the form of indexation and other 54 series deductions.No rebate applicable.It is taxable..
Under both the cases upto 250000/- exempt
If it is short term capital gain then rebate is applicable .So there won't be any tax upto 5lacs.
However long term capital gain is taxable since tax payer get benefit in the form of indexation and other 54 series deductions.No rebate applicable.It is taxable..
Under both the cases upto 250000/- exempt
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