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
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
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