05 May 2016
How to file capital gain income. which paid STT and also giving business income under the specified business clubbed this incomes and calculate 15% tax plus 3% cess.it's given share trading company statement. How to file these types of income and also the assessee having salary and bank interest. Can club with income plus capital gain. If clubbed the income capital gain tax 15% but tax limit for individual 2.5 lakhs to 5 lakhs 10% how to compute the STCG.
THANKING YOU.
05 May 2016
Special rate of tax of 15% is applicable to short term capital gains, irrespective of your tax slab. Also, if your total taxable income excluding short term gains is less than the minimum income which is chargeable to tax (Rs 2,50,000 for financial year 2014-15) – you can adjust this shortfall against your short term gains. Remaining short term gains shall be then taxed at 15% + 3% cess on it.
Abhishek Ranjan Singh ARS Solutions www.arssolutions.co.in +919022838615
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06 May 2016
The person also having long term capital gain loss. Can there is set off ?or carry forward? Or not taken to calculate this negative value?
Thanking you.
06 May 2016
The person also having long term capital gain loss. Can there is set off ?or carry forward? Or not taken to calculate this negative value?
Thanking you.
CAclubindia
