capital gain
This query is : Resolved
CA abhinandan agarwal
(Querist)
25 January 2011
my short term capital gain(stt suffered
) is rs.300000
total income 300000
tax liability
) is rs.300000
total income 300000
tax liability
25 January 2011
STT means this is after income from shares(right??)
I assumed that this is shares income then STCG is 15% therefore, tax will be:
Rs. 300,000 - Rs. 160,000 = Rs. 140,000
TAx = Rs. 140,000 *15% = Rs. 21,630(including EC & SHEC)
Regards!!!
I assumed that this is shares income then STCG is 15% therefore, tax will be:
Rs. 300,000 - Rs. 160,000 = Rs. 140,000
TAx = Rs. 140,000 *15% = Rs. 21,630(including EC & SHEC)
Regards!!!
CA abhinandan agarwal
(Querist)
25 January 2011
but in income tax act book it is written that if other than stcg total income is below 160000 then it is 10% not 15%.
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