sec 112A slab availability
abhimanyu (Chartered Accountant) (60 Points)
12 May 2019
how much slab is available for individual and to HUF us 112A
3 Replies
Bhavesh Gadhvi
(Manager)
(308 Points)
Replied 12 May 2019
As per Section 112A, long-term capital gains arising from transfer of an equity share, or a unit of an equity oriented fund or a unit of a business trust shall be taxed at 10% (without indexation) of such capital gains. The tax on capital gains shall be levied in excess of Rs. 1 lakh.
abhimanyu
(Chartered Accountant)
(60 Points)
Replied 12 May 2019
thank you sir, but is there a seperate exemption limit (except of 100000) for huf?
Bhavesh Gadhvi
(Manager)
(308 Points)
Replied 12 May 2019
No. Except for resident Individual and HUF, the gain is adjustable against any short in basic exemption limit.
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