Normal tax rate or short term capital gain ?
This query is : Resolved
19 July 2015
My HUF a/c has income of 4.25L from sale of shares ( Short term capital gain ).This a/c has no other income . Should I pay 10 % tax considering it as normal income of 2.25L ( after exemption of 2L ) or 15% tax considering it short term capital gain ? Please reply ..
19 July 2015
In my opinion it should be tax @10% on net taxable income
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