short term capital gain

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santosh (Querist)
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04 July 2008 assessee has get short term capital gain 54lacs . what u/s exeption who donot tax paid he is interest investment piz suggestion.

CA. A. Kumar

CA. A. Kumar (Expert)
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04 July 2008 Your query is not clear.

Exemptio available U/S 54 for Capital Gains.

CA Anand Sarda

CA Anand Sarda (Expert)
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04 July 2008 explain ur query again?

taxindiaconnect

taxindiaconnect (Expert)
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30 April 2009 Short term capital gain from capital asset being shared of listed companies are taxable @ 15%. From the share of non listed companies and other capital assets is it taxable only at normal rate of tax. This income can be adjusted only agsint the short term capital loss.