Short term capital gain
This query is : Resolved
HARIKRISHNAN T
(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?
"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?
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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