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exmtion limit

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(Querist)
04 July 2008 sir,
Income of an individual is Rs.200000,including rs.80000 from other sources,rs.75000 from LTCG, rs.45000 from stcg how can we claim exemption limit i.e., which one we have to adjust first stcg or ltcg
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SHIVAM GROVER

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SHIVAM GROVER (Expert)
04 July 2008 compute tax seprately tax on ltcg and remaining acc to i.t. slab
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
04 July 2008 Netincome (excluding LTCG)=1,25000
Exemption =1,10000
Taxable = 15000

LTCG taxable = 75000




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