Rate of short term capital gain and long term capital in case of slump sale

RUCHI SRIVASTAVA (STUDENT) (21 Points)

11 May 2018

what is the rate of short term and long-term capital gain in case of slump sale u/s 50 B.

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Siddharth Goel (Chartered Accountant) (3031 Points)
Replied 19 May 2018

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.

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