is income for long term capital gain charged 10% tax irrespective of tax slab? I mean say if someone is in below slab bracket like less than 2.5 or 5 depending on age n they have long term capital gains r they taxed 10% on that profit even if the income from that if added to other income is below the tax slab?
3 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 27 July 2022
If Gross total income is less than basic exemption limit including capital gain then there won't be any tax liability.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 July 2022
No same is not taxable upto slab limit
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