Short Term Investment
This query is : Resolved
Rahul Suresh Jinde
(Querist)
10 April 2008
Dear All Experts,
As per Budget 08-09. Suppose, My only income source is Short Term Investment (short term capital gains). In the whole year my income (short term capital gains) is within threshold limit or Rs.140000/-, then, will I liable to pay 15% tax on my gain or income?
Awaiting your valuable guidance.
As per Budget 08-09. Suppose, My only income source is Short Term Investment (short term capital gains). In the whole year my income (short term capital gains) is within threshold limit or Rs.140000/-, then, will I liable to pay 15% tax on my gain or income?
Awaiting your valuable guidance.
S.Srinivasaraghavan
(Expert)
10 April 2008
No tax liability if aggregate of all income is within the non-taxable limit
10 April 2008
NO TAX LIABILITY AS THE TOTAL INCOME FOR THE YEAR IS WITHIN EXEMPTION LIMIT WHICH IS RS. 150000/ FOR FIN. YEAR 2008-09.
R.V.RAO
R.V.RAO
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