     
|
|
 |
|
Section 88 Rebate??
3rd Feb 1999 Kaushik Dhanuka @giascl01.vsnl.net.in
Hi, a query. Is section 88 Rebate allowed for Long Term Capital Gain.? regards, Anjani
4th Feb 1999
Tejinder Singh Rawal @nagpur.dot.net.in
No. It is not allowed. Tejinder -------------------------------------------------------------- Tejinder Singh Rawal T.S.Rawal & Co., Chartered Accountants,Nagpur,India Voice:(+91 712) 525423/527376/548941/548850 Fax:(+91 712)539122 mailto:[email protected] OR mailto:[email protected] Indian Taxation Site http://www.BhaaratEkKhoj.com/india/tax
4th Feb 1999
Mukesh Rathor @bom5.vsnl.net.in
Dear Mr. Kaushik, > Is section 88 Rebate allowed for Long Term Capital Gain.? No, rebate u/s 88 of Income tax act 1961 is not allowable from Long Term Capital Gain Income. However in case if there is other income i.e. other than Long Term Capital gain you can avail the basic slab of prevailling exemption limit. Mukesh Rathor Chawhan Tiles & Pipe Industries, Industrial Estate, Mul Road, Chandrapur 442 401 (M.S.) Phone (07172) 56566 / 55566 Res. (07172) 50426 E-mail [email protected]
