Short Term Capital Gain
This query is : Resolved
10 April 2008
Dear All Experts,
As per Budget 08-09. Suppose, My Salary income is Rs.150000/- & my Short Term Investment (short term capital gains)is Rs.100000/- what is tax calculation for both Salary & Short Term Capital gain income? Give detail information.
Awaiting your valuable guidance.
As per Budget 08-09. Suppose, My Salary income is Rs.150000/- & my Short Term Investment (short term capital gains)is Rs.100000/- what is tax calculation for both Salary & Short Term Capital gain income? Give detail information.
Awaiting your valuable guidance.
11 April 2008
Assuming that you have given the taxable incomes and the ST capital gain relates to shares on computation of which comes under section111A, then the salary income is exempt. The ST gain is taxable in accordance with section111A.
11 April 2008
Yes. I do agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
