short term capital gain under 111A
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2011
sir ,
whether tax on short term capital gain under 111A is payable if his total income does not exceed maximum amount not chargable to tax say; basic exemption limit 160,000
income from business n profession 140,000
case1: STCG under 111A 20000
case2: STCG under 111A 40000 and in this case lic primium under 80C is 15000
sir please tell me the tax payable
whether tax on short term capital gain under 111A is payable if his total income does not exceed maximum amount not chargable to tax say; basic exemption limit 160,000
income from business n profession 140,000
case1: STCG under 111A 20000
case2: STCG under 111A 40000 and in this case lic primium under 80C is 15000
sir please tell me the tax payable
CA Navin Jain
(Expert)
03 May 2011
CASE -1, NOT ANY TAX LIABILITY
CASE-2, 15% ON RS. 5000= 750+23=773
CASE-2, 15% ON RS. 5000= 750+23=773
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
