Chartered Accountant
3031 Points
Joined June 2016
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.