If stt is paid , should we pay additional tax

This query is : Resolved

Raja Kumar Jha (Querist)
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04 October 2015 Dear Sir / Madam , Suppose i have income from STCG (SST) or LTCG ( STT PAID) , SHOULD i have to pay additional tax at the ending of respective financial year.

Amol S Joglekar

Amol S Joglekar (Expert)
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04 October 2015 LTCG is exempt if STT is paid.
Now which additional tax you intend to pay????

Raja Kumar Jha

Raja Kumar Jha (Querist)
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06 October 2015 sir , in case of STCG stt paid , should we had to pay tax at special rate @15%?

Amol S Joglekar

Amol S Joglekar (Expert)
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06 October 2015 No. Long Term Capital Gain is exempt if STT is paid.
I think you are getting confused with the provisions of Non Resident, is it?

Raja Kumar Jha

Raja Kumar Jha (Querist)
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06 October 2015 sir I am asking about short term capital gain (STT paid) in case of resident individual

Amol S Joglekar

Amol S Joglekar (Expert)
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06 October 2015 STCG...what you are saying is right.

Raja Kumar Jha

Raja Kumar Jha (Querist)
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06 October 2015 yes sir , my quiry is if there is income from STCG from shares (STT paid ) , some body at this I have pay tax on special rate @ 15%. is this correct

Amol S Joglekar

Amol S Joglekar (Expert)
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06 October 2015 yes, the special rate is applicable.

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