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Short term capital gain

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(Querist)
02 May 2014 I was searching about short term capital gains in the Internet. In that I have came across one statement like this.
"It is to be noted that tax-slab benefit is available to resident individuals for such short-term capital gains." Can anyone explain the meaning of that?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 May 2014 it means that your income shall be taxed at normal tax slab rates. if your short term capital gains is less than Rs 2 lakhs and you have no other income, your tax liability shall be zero.
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