Short term capital gain
This query is : Resolved
K.S.KARTHIC
(Querist)
02 April 2016
Hello all.. I'm an investor and my total investment is 1 lakh in equity.. i made 16000 short term capital gain and incurred 18000 short term capital loss.. I'm a student so no other earnings.. kindly advice on my taxability and should i file returns for this?
CA Mehta Ankur N.
(Expert)
02 April 2016
You need not file ITR as your income do not cross basic exemption limit.
But if u get informative notice, you will have to file itr .
But if u get informative notice, you will have to file itr .
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