POSTED BY April 3, 2012 1:59 am COMMENTS (8)ON
I am looking for some information on long term capital Gains Tax..
1) If someone purchase a land (lets say) worth Rs 1 lakh and sells it for 2 lakh after 4 years. How much would be the Capital Gains Tax ?
2) if someone purchase shares worth Rs 1 lakh and sells for Rs 3 lakh after 5 years thru internet trading account, how much would be the Capital Gains Tax ? Would it be deducted at source or i need to declare it while filing the return ?
3) If someone purchase e-gold worth Rs 1 lakh thru NSEL trading account and sells it for Rs 1.5 lakh after 5 years thru the same NSEL trading account (lets say i have trading/DP account with Axis bank), how much would be the Capital Gains Tax ? Would it be deducted at source by Axis bank ?
Thanks in advance for your response