capital gains

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Querist : Anonymous (Querist)
03 January 2011 if income from sources other than capital gain is less than the exemption limit then we can take the relief of income (exemption limit- income from sources other than capital gain) from the income of short term capital gain but after relief from short term capital gain will the balance income of STCG chargeble @ 10% or 15%

03 January 2011 15% with effect from 1/4/2009. For details pl refer section 111A(1) of the Income tax Act,1961.

03 January 2011 15%, the mistake is rectified



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