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%.
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Stcg at 30% or 15%
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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