banner_ad

Short term capital gains

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 July 2013 can anyone explain me if basic exemption limit is adjustable in short term capital gain if there is no other income.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 July 2013 Ordinary short term capital gains attracts normal tax rate and as such slab rates are applicable to it like other income.
REPLY :BASIC EXEMPTION LIMIT AVAILABLE
.
STCG on shares U/s 111A can also be adjusted
in the exemption limit. Suppose 150000 is normal income and 75000 is STCG U/s 111A, then 50000/- can be adjusted to make complete the exemption limit of Rs 200000.
REPLY : SINCE THERE IS NO OTHER INCOME BASIC EXEMPTION LIMIT IS AVAILABLE
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details