The Surcharge @ 25% is leviable if income exceeds ₹2 crores but does not exceed ₹5 crores and @ 37% if income exceeds ₹5 crores. This higher rate is not applicable to:
A. Short term Capital Gains u/s 111A
B. Long term Capital Gains u/s 112
C. Long term Capital Gains u/s 112A
D. Both (a) and (c).
Answer:D
The Surcharge @ 25% is leviable if income exceeds ₹2 crores but does not exceed ₹5 crores and @ 37% if income exceeds ₹5 crores. This higher rate is not applicable to:
A. Short term Capital Gains u/s 111A B. Long term Capital Gains u/s 112 C. Long term Capital Gains u/s 112A D. Both (a) and (c).