Easy Office
LCI Learning

Stcg

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 August 2011 For A.Y 2011-12
Income From Salary-- 120000
Profit on sale of house property(Land)-- 70000 (STCG)
Premium Paid for lic Policy-- 5000

Compute income tax.
What is treatment of STCG.
Profile Image

Sunil Kr. Sanganeria

Profile Image

Sunil Kr. Sanganeria (Expert)
04 August 2011 Income from salry including
profit on sale of land 190000
Less Deduction u/s 80C 5000
Total Income 185000
Basic exemption 160000
balance income 25000
Tax rate 10% & tax liability Rs.2500/-

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links