Does a corporation pay capital gains tax?
Does a corporation pay capital gains tax? In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. What is the tax rate on Ltcg for AY 2020 21? Particulars Rs. Generally, long-term capital gains are charged to tax @ 20% (plus surcharge and cess as applicable), but in certain special cases, the gain may be (at the option of the taxpayer) charged to tax @ 10% (plus surcharge...