27 March 2014
Should I pay Tax on Capital Gain as my Tax on STCG comes to 40Rs and my taxable income is not exceeding taxable limit. Please also specify reasons for your answer.
28 March 2014
if STCG from unit or shares on which you have to pay security transaction tax then you have to minimize your tax if your other income is lower than exempt limit.
200000(exempt limit) -(total income -STCG)= to be lower your STCG income
other wise STCG you have to pay tax as normal rate
CAclubindia
