RUCHI SRIVASTAVA (STUDENT) (21 Points)
11 May 2018
Siddharth Goel
(Chartered Accountant)
(3031 Points)
Replied 19 May 2018
Hi
As per Section 50B, in case of Long term Capital Gain on slump sale, tax @ 20% shall be charged in addition to education cess @ 3%.
and in case of Short term Capital Gain on slump sale, tax @ 30% shall be charged in addition to education cess @ 3%.
Also, in case of Domestic Companies:
surcharge @ 7% is applicable in case taxable income is more than 1 crore but less than 10 crores
surcharge @ 12% is applicable in case taxable income is more than 10 crore.
CAclubindia
