Capital gain


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Querist : Anonymous

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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

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

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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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