111a short term profit
This query is : Resolved
19 September 2013
Short term profit of 111A is allow to shift under basic exemption limit..
But if intra day profit I.e speculation income than it deals same as 111A profit...?? means allow to shift under basic exemption limit..and tax rates..
E.X...individual have 111A profit of 100000 and speculation Income is 50000 than liable for any tax..
22 September 2013
as long as total income of the individual is less than the exemption limit, no tax is payable.
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