Stcg
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2012
For AY 2012-13, individual aged 60 plus, has pension and interest income of Rs.290000/- and short term capital gain of Rs.60000/-, he has invested Rs.1 Lac u/s 80C. Is he liable to pay tax under STCG?
23 March 2012
His GTI will be 350,000/-
Less : 80C Rs. 100,000/-
Balance :- Rs. 250,000/-
Basic Exemtion:- Rs. 250,000/-
Taxable Income:- Nil
Tax on Same :- Nil
Less : 80C Rs. 100,000/-
Balance :- Rs. 250,000/-
Basic Exemtion:- Rs. 250,000/-
Taxable Income:- Nil
Tax on Same :- Nil
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