Rahul Nagpal (Learner) (74 Points)
13 August 2012Dear all,
Please resolve my query .
An assessee is having Rs. 2 Lacs as salary income and a long term capital gain on sale of gold for Rs. 1 Lacs . In all the assessee is having a Gross Total Income Of Rs. 3 Lacs .
Now I want to know what is the tax liability ?
If the Tax is Rs. 20600 (being 20% LTCG +cess); how i can save it ?
Urgent reply needed. Thanks in Advance
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 13 August 2012
open LTCG account with bank and deposit the LTCG there, later invest in house property
Rahul Nagpal
(Learner)
(74 Points)
Replied 17 August 2012
I only want to save this tax amount and the remaining amount i want to use elsewhere. How to save this tax amount only?
CAclubindia
