Short term capital gain tax
This query is : Resolved
03 March 2008
My total income is below basic exemption limit. And my total income also comprises of short term capital gain of Rs. 10000 so shall i be liable to pay short term capital gain tax on Rs. 10000.
03 March 2008
please solve as soon as possible.
03 March 2008
NO YOU ARE NOT REQUIRED TO PAY ANY TAX ON SHORT TERM CAPITAL GAIN UNLESS AND UNTIL YOU INCOME EXCEEDS THE BASIC EXEMPTION LIMIT .
03 March 2008
if ur income exceeds the basic exemption limit then you ahve to pay tax on STCG of Rs. 1000(10% on 10000)
09 March 2008
does not that means in case of situation where the part of short term gain falls under the basic standard deduction then the remaining amount of it will be taxed at 10%.
regards
regards
09 March 2008
I think it is solved that you need not to any tax is other income is below taxable limit
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- REGARDING SECTION 44AE
- Lease agreement and tax on sale
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
