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

438 views 1 replies
what is the rate of short term and long-term capital gain in case of slump sale u/s 50 B.
Replies (1)

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register