Under section 115E, the tax rate applicable for long-term capital gains referred to therein, for a resident as envisaged by section 115C, is
CS Executive · Tax Laws and Practice · PYQS · June 2015
Under section 115E, the tax rate applicable for long-term capital gains referred to therein, for a resident as envisaged by section 115C, is
Answer & Explanation:
The official key records '###'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: none of the option is correct. However, the sections (as mentioned in the Question) applies to 'non resident' and accordingly the answer is 10%. Note : The inconsistency or ambiguity in the Question(s), if any, is/are taken care of while evaluating the answer sheets.
Topics: Income Tax
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