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STCG

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(Querist)
14 September 2009 Hello,

An individual has a total income of Rs. 2,50,000. This consists entirely of short term capital gain (with STT) for the A.Y. 2010-11.

Total Income upto Rs.1,60,00 is exempted. Balance Rs. 90,000 will charged at which rate?

STCG @ 15% or,
@ 10% (since tax is 10% upto Rs. 3,00,000)

Regards,
Jyoti

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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 September 2009 STCG tax @ 15% on Rs. 90,000/-. since rates for STCG u/s 111A is defined u/s 111A and a special rate tax.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
14 September 2009 agree
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