short term capital gain

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LAXMI SHAKYA (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

LAXMI SHAKYA

LAXMI SHAKYA (Querist)
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27 November 2021 Respected sir!
Yes my aggregate income inclusive SGST is below exemption limit.

Am'i not liable to pay any tax

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 November 2021 No. No tax liability in such case.

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