Capital gain
This query is : Resolved
09 October 2013
I (individual) have reced long & short capital gain but the same is below the basic exemption limit of Rs.2Lakh whether i have to pay the Income tax on the same as the same is below exemption limit. Pls guide
09 October 2013
No he need not pay tax if his income including CG is below the taxable amount.
09 October 2013
No. as long it is below the exemption limit, no tax is payable.
09 October 2013
Agree with Expert.
Tax on Short term Capital Gain liable to tax as per Income tax slab..
As it is below 2 lacs not tax...
Note: Short-term capital gain from sale of equity shares on which STT has been paid shall be taxable at the special rate of 15.45 per cent (including cess).
Tax on Short term Capital Gain liable to tax as per Income tax slab..
As it is below 2 lacs not tax...
Note: Short-term capital gain from sale of equity shares on which STT has been paid shall be taxable at the special rate of 15.45 per cent (including cess).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
