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%
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.
CAclubindia
