The rate of tax leviable on Long term Capital Gains under section 112A:
A. 10% on gains in excess of 7 10,00,000
B. 10% on gains in excess of 7 10,000
C. 15% on gains in excess of 7 1,00,000
D. 10% on gains in excess of 7 1,00,000
Answer:D
The rate of tax leviable on Long term Capital Gains under section 112A:
A. 10% on gains in excess of 7 10,00,000 B. 10% on gains in excess of 7 10,000 C. 15% on gains in excess of 7 1,00,000 D. 10% on gains in excess of 7 1,00,000