Stcg at 30% or 15%

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Friends

The salary  income of an individual exceeds Rs 10 lakhs thereby making the assessee liable to tax @ 30%. Now the individual has also short term capital gain. Is the STCG liable to tax at 30% or 15%.

Regards,

Replies (7)

NO DOUBT .......15%

 

 

oh yes.....for stcg on shares otherwise 30%

 

thanx mannu

if stcg is u/s 111A...then @ 15%

otherwise 30%..

am i right???

ya mannu is ryt....

Ya mannu is right

I agree with Mannu

If the short term capital gain is due to the gain on shares (i. e. equity oriented) then the same is taxable at 15%  else the same will be included in your taxable income, which in this case, is exceeding 10 Lacs making it liable to tax @ 30%

 

YES.. AYUSH IS RIGHT AND MORE CLEAR...

STCG U/S 111(A) THEN 15%, OTHERWISE IT WILL BE INCLUDED IN THE OTHER NORMAL INCOME AND TAX WILL BE CALCULATED ACCORDINGLY


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