short term capital gain
This query is : Resolved
26 November 2021
Dear All,
In FY 20-21, my taxable income is below the exemption limit, whereas in the same year I've got short term capital gain of 60000/- on sale of shares. Pls Advise, since my income is below exemption limit, still do I need to pay tax on 60000@15%
Thanks
ASAP
In FY 20-21, my taxable income is below the exemption limit, whereas in the same year I've got short term capital gain of 60000/- on sale of shares. Pls Advise, since my income is below exemption limit, still do I need to pay tax on 60000@15%
Thanks
ASAP
27 November 2021
Whether you have claimed any deductions?
If yes, then the STCG tax might be payable. If aggregate income including STCG is below exempted limit, then no.
If yes, then the STCG tax might be payable. If aggregate income including STCG is below exempted limit, then no.
27 November 2021
Respected sir!
Yes my aggregate income inclusive SGST is below exemption limit.
Am'i not liable to pay any tax
Yes my aggregate income inclusive SGST is below exemption limit.
Am'i not liable to pay any tax
27 November 2021
No. No tax liability in such case.
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