banner_ad

Capital gain

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 December 2011 if income of individual is below 160000 or 190000 than income arise from STCG i.e. included in (160000 or 190000)
is it taxable separately???
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
24 December 2011 Let us take an example.

Income other than STCG Rs. 1,00,000/-
Income from STCG u/s 111A Rs. 50,000/-
Exemption limit Rs. 1,60,000/-

Remaining exemption limit Rs. 60,000/-

STCG Rs. 50,000/- will be reduced from this income. Accordingly, no tax liability arises.

Let us suppose income from STCG u/s 111A is Rs. 90,000/-

Remaining exemption limit is Rs. 60,000/-
STCG after adjusting exemption limit is Rs. 30,000/-
On this Rs. 30,000/- tax @ 15% will be payable.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 December 2011 thank you very much siddhartha
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details