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It liability on capital gain if below basic exemption

This query is : Resolved 
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(Querist)
04 January 2013 Hi Experts,
My friend have an annual income statement is given below,his income below Rs 200000.But he have short term capital gain from share trading.In such a case is he liable to pay tax.

Salary 120000
Capital gain(Short term) 30000

Regards
Rajesh
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Guest (Expert)
04 January 2013 No need to pay tax. The STCG will be adjusted against the balance basic exemption limit available.
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Rajesh

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Rajesh (Querist)
05 January 2013 Hi Ketan Kumar

Thanks for your reply.

Regards

Rajesh
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