Can we used runabsorbed income of other income to reduce the income from long term capital gain

It's 7150 c As per section 112A long term capital gains are taxable at the rate of 12.5 percent( in excess of income of 125000)if asset is transferred after 23 july Now only 55000 is taxable under 112A ie ( 180000-125000) @ 12.5 percent= 6875 Now add health and education cess @4% =275 7150. Note- tax on income from other sources is NIL as 300000 is basic exemption in default taxation regime Hope it helps

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Asked by Nishi19 Jul 2025671 views

4 answers

Jaswanth · 20 Jul 2025
Option B is correct
Krishna · 20 Jul 2025
Can we used runabsorbed income of other income to reduce the income from long term capital gain
Kirtam · 19 Jul 2025
7150
Madhavv · 19 Jul 2025
It's 7150 c As per section 112A long term capital gains are taxable at the rate of 12.5 percent( in excess of income of 125000)if asset is transferred after 23 july Now only 55000 is taxable under 112A ie ( 180000-125000) @ 12.5 percent= 6875 Now add health and education cess @4% =275 7150. Note- tax on income from other sources is NIL as 300000 is basic exemption in default taxation regime Hope it helps

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