Short Term Capital Gain
This query is : Resolved
13 November 2009
I have salary income of Rs.150,000.00 for year 2009-10 and have short term gain from the sale of Shares is Rs.30,000.00 what will be my Tax liability for for Asst. Year. 2010-11
REgds
REgds
13 November 2009
your tax liability will be Rs. 4500/-
13 November 2009
30000*15% = Rs. 4500
14 November 2009
The above rate is applicbale only when short term gain from sale of share is attracting STT. Otherwise, it will be charged to normal tax rate & tax amount will be 2000/-
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