Short term capital gain
This query is : Resolved
jay arya.........
(Querist)
09 July 2009
Hello friends
I have income from other sources Rs. 100& also income from short term capital gains rs. 400, should i have pay tax only short term capital gain @ 10% sepretlly
thanks
I have income from other sources Rs. 100& also income from short term capital gains rs. 400, should i have pay tax only short term capital gain @ 10% sepretlly
thanks
CA Kartik Pandya
(Expert)
09 July 2009
No you have to pay income tax @10% on Rs.400 and for Rs.100 according to normal slab rate.
09 July 2009
Your have to pay tax at normal rate on Rs 100 and Rs 400 except in case of short term sex 111A is applicable in such case @ 10%
jay arya.........
(Querist)
09 July 2009
Hello Kartik Sir,
i have to pay only 10% on Short tem capital gain , I think i need not to pay other sources because my tax liability incured when my taxable income exceed to 150000 for f. y 2008-09
please clearify
i have to pay only 10% on Short tem capital gain , I think i need not to pay other sources because my tax liability incured when my taxable income exceed to 150000 for f. y 2008-09
please clearify
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