Capital gain

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 April 2014 Purchase Sold
Agreement date 4th june 11 2nd March 12
agreement value 8,50,000.00 1030000
registration 8,650.00 0
stampduty 48,500.00 0
Brokerage @ 2% 17,000.00 20,600.00
Total Cost 9,24,150.00 10,50,600.00

can you please advise how much tax i have to pay ?

is there any way to save tax

Rupesh Jain

Rupesh Jain (Expert)
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14 April 2014 YOUR PROIT IS 85250

IT IS TAXABLE AS SHORT TERM CAPITAL GAIN

IT WILL INCLUDE IN YOUR OTHER INCOME
TAX AND TAX AS PER SLAB

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Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2014 thanks mr jain,

if my profit from business is Rs 70000/- and STCG is Rs 85250/- so total income for the year is 155250/- which is below taxable limits

so i dont have to pay any tax right ?

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