Q692
Gain arising on transfer of capital asset is charged to tax under the head 'Capital Gains'. Income from capital gains is classified as 'Short-term Capital Gains' and 'Long-term Capital Gains'. Generally, long-term capital gain is charged to tax at the following rates (plus surcharge and cess as applicable)?
A.
10%
B.
15%
C.
20%
AnswerD.
30%
Answer: Option C
Solution
Answer: Option C
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