I earned capital gain of ₹20000 from redemption of ELSS units from a mutual fund in the fin.yr.2019-20 directly from the mutual fund.
How much tax to be paid on the capital gain. Please clarify. Thanks.
1 Replies
Harsh Arora
(CA Finalist )
(1161 Points)
Replied 09 August 2020
No tax is required to be payable since it falls u/s 112A where if the LTCG does not exceeds 1lacs then there is no tax liability.
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