I had total gain of Rs 150 , 000 on equity shares over long term ( more than 1 year)
My understanding was, LTCG of Rs 50,000 ( above 100,000) is taxable at 10%.
Question is , whether this LTCG of Rs 50,000/- should be added to the total income for computation of final tax?
You declare total transactions in Schedule 112A, where in total LTCG of Rs. 1,50,000/- would be calculated. Finally same will be taxed just Rs. 5,000/- by utility.
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