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Income Tax liability on STCG/LTCH

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(Querist)
23 July 2024 What is the standard Deduction(allowance) allowed in STCG /LTCG FY 23-24 for nil income tax.
Upto what amount tax does not attract and slab there after.?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 July 2024 For any STCG or LTCG there is no standard deduction under IT act.
If the Aggregate income is below exemption limit, in that case no CG tax even if it is charged at special rate. Rebate u/s. 87A is not allowed for these gains charged at special rate.
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