trust capital gain
me sonar (23 Points)
04 August 2018and also any other income (if not exempt u/s 11-12-13) is taxed at what rate ?
it would be great help if you could provide sec. no in ans
me sonar (23 Points)
04 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 04 August 2018
If short term gain then 15% and if Long term gain then 20% u/s 111A & 112A respectively.
Other income will be taxed as per slab.
me sonar
(23 Points)
Replied 04 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 06 August 2018
If trust income consists of Income from Business & Profession then thats taxable at MMR or actual whichever higher