capital gains
This query is : Resolved
05 October 2009
In the case of resident an Individual or a HUF, if the basic exemption not exhausted by any other income then STCG u/s 111A shall be reduced by the unexhausted basic exemption limit and only the balance STCG shall be chargeable to tax @15%.
Can any body explain it with a few Examples?
Can any body explain it with a few Examples?
06 October 2009
Suppose your business income is 100000/-
STCG is 70000/-
and 160000/- is the minimum exemption limit , then only 10000 will be the balance STCG which will be chargeable to tax .
STCG is 70000/-
and 160000/- is the minimum exemption limit , then only 10000 will be the balance STCG which will be chargeable to tax .
06 October 2009
Agreed with Mr. rajeev
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
