Computation of tax liability
This query is : Resolved
26 March 2016
when we have stcg on listed shares (chargeable @special rate 15%) can we include it up in the slabs
if we still have capacity in the basic exception limit eg rs 250000
please respond thanks in advanced
26 March 2016
Dear
Under section 111A you can avail benefit of income slab in calculation of tax on stcg.
Deduct total income other than stcg from 250000.
The remaining limit you can deduct from the amount od stcg. The remaining stcg will be taxablw @15%
Under section 111A you can avail benefit of income slab in calculation of tax on stcg.
Deduct total income other than stcg from 250000.
The remaining limit you can deduct from the amount od stcg. The remaining stcg will be taxablw @15%
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