Query regarding GST and IT
This query is : Resolved
Quick Summary
28 June 2024
Hello Sir/ Ma'am,
I am a salaried employee and invest in stocks.My salary is 30 lacs.In FY 23-24 I have sold shares worth 80 lacs.14 lacs ltcg and 13 lacs stcg. Please advise an efficient way to reduce tax.ie opening llp/company etc.
Also do I need to register for GST in the above case?
Anticipating your reply!
Thanks in advances!
I am a salaried employee and invest in stocks.My salary is 30 lacs.In FY 23-24 I have sold shares worth 80 lacs.14 lacs ltcg and 13 lacs stcg. Please advise an efficient way to reduce tax.ie opening llp/company etc.
Also do I need to register for GST in the above case?
Anticipating your reply!
Thanks in advances!
Dhirajlal Rambhia
(Expert)
28 June 2024
No GST liability.
You can take the benefit of Sec. 54F IT act, if eligible. No other option.
You can take the benefit of Sec. 54F IT act, if eligible. No other option.
Dhirajlal Rambhia
(Expert)
29 August 2024
Good Luck.
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