Exams

Capital Gains Tax on Property:

1. Short term,

2. Long term

Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months. As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab.

* Current Short Term Capital Gains tax rate is 30%.

Long Term Capital Gain

When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain. Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property.

* Current Long Term Capital Gains tax rate is 20%.

The Preamble was adopted with the constitution in the constituent assembly.

The Preamble proclaims the solemn resolution of the people of India to constitute India into a 'Sovereign socialist secular democratic republic'.

Graphite is a good conductor of electricity as it contains free electrons to move through the structure of the graphite.

Let the two different rates of interests be r1 and r2 respectively.

From the given data,

$$\begin{gathered} 2600 x 4 x r1 - r2100 = 402.80 \\ r1 - r2 = 402.80104 = 3.87 \end{gathered}$$

Hence, the difference in the interest rates = 3.87