short term cap gain
This query is : Resolved
30 July 2010
is it correct that STCG is not charged at a flat rate as lottery income & LTCG are charged while departing them from other income??
30 July 2010
STCG ON SALE OF LISTED SECURITIES ON WHICH STT IS PAID IS TAXED AT A FLAT RATE .OTHER THAN ABOVESAID ARE ADDED TO NORMAL INCOME AND TAXED ACCORDINGLY.
30 July 2010
on lottery 30% tax payable and LTCG income are excluded form other income for tax treatment.
but if both incomes other and LTCG is less than basic limit than no tax liability arise.
but if both incomes other and LTCG is less than basic limit than no tax liability arise.
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