Web1 de fev. de 2024 · At present the surcharges on long term capital gain for an individual assessee on assets is 10% if the income is above Rs 50 lakh but upto Rs 1 crore. It is 15% if the income is between Rs 1 crore to Rs 2 crore and 25% if the income is above Rs 2 crore and upto Rs 5 crore. In case the income is above Rs 5 crore the surcharge is 37%. Web6 de fev. de 2024 · Further, a new Section 112A of Income Tax Act was introduced to levy a 10% income tax on Long Term Capital Gains on the sale of equity shares, equity …
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Web4 de jun. de 2024 · The Article Discusses about Tax Treatment of Long Term Capital Gain arising from Transfer of Capital Assets under Income Tax Act, 1961. Articles discusses … Web8 de dez. de 2024 · Step 2: Considering the higher of the purchase price and the value as per step 1 = 50 Lakh. Hence the cost of acquisition in this case would be Rs. 50 lakh … logger rodeo in sedro woolley
2024-2024 Long-Term Capital Gains Tax Rates Bankrate - 2024 …
Web11 de jun. de 2024 · Tax on such Long term capital gains shall be 10% on the gains exceeding Rs. 1 Lakhs. ii. First and second provisos of Sec 48 shall not apply to the capital gains arising from the transfer of a long-term capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust referred to in … WebLong term Capital Gain Tax Rate on Shares. In case of long-term capital gains arising out of the sale of assets mentioned above, the tax rate is 10% excluding any cess or … Web190101089_TAXATION LAW-I - Read online for free. ... Share with Email, opens mail client logger pro video analysis download