SHORT TERM CAPITAL GAIN on Sale of Shares
This query is : Resolved
13 February 2009
X, a resident assessee lady below 65 years of age has Short Term Capital Gain amounting to Rs. 1,50,000 in the current year.
Her other income amount to only Rs. 1,65,000 i.e. below taxable limit.
Will she be liable to pay STCG?
Her other income amount to only Rs. 1,65,000 i.e. below taxable limit.
Will she be liable to pay STCG?
13 February 2009
Yes Liable to STCG
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13 February 2009
After the taking the benefit of unutilized portion of basic exemption limit amounting to 15000/-.
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13 February 2009
Nitin is correct. Tax shall be payable on Rs.135000/- STCG (At the rate of 10% if conditon satisfied)
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