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Capital gain tax help
MY CLIENT PURCHASED ONE PROPERTY FOR 12LACS ON 11/05/2011 HE SELL THAT ON AUGUST 2012
FOR RS. 2250000/- PLEASE CALCULATE STCG PLZ GIVE WORKING ALSO.
CII? APPLICABEL??
Replies (1)
STCG of Rs. 10,50,000/-.. CII is only applicable on LTCG.
This STCG is to be taxed as per normal income tax slabs.
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