Computaion of Income
This query is : Resolved
26 May 2011
Hi,
Female Assessee
INCOME FROM HOUSE PROPERTY Rs. 1,48,904.00
Short Term Capital Gain on Sale of Shares
Rs. 1,80,453.00
INCOME FROM OTHER SOURCES Rs. 7629.00
Can u please help me to compute rax for the above mentioned Income.
Female Assessee
INCOME FROM HOUSE PROPERTY Rs. 1,48,904.00
Short Term Capital Gain on Sale of Shares
Rs. 1,80,453.00
INCOME FROM OTHER SOURCES Rs. 7629.00
Can u please help me to compute rax for the above mentioned Income.
26 May 2011
i assume A.Y.2011-12 as i didnt mention
For woman assessee the basic exemption limit is Rs.1,90,000/-
Add both house property income and Other sources : Rs.156533/-
i.e., below the limit
you need to pay tax on STCGS on sale of shares @ 15%
pay tax on difference: 180453- 33467 = 146986 * 15% around 23000 you get
For woman assessee the basic exemption limit is Rs.1,90,000/-
Add both house property income and Other sources : Rs.156533/-
i.e., below the limit
you need to pay tax on STCGS on sale of shares @ 15%
pay tax on difference: 180453- 33467 = 146986 * 15% around 23000 you get
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