Tax liabilities


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 September 2015 If a Individual TOTAL iNCOME below of Rs. 250000, Inclueding Short Term Capital gain from share trading of Rs. 75000, then any tax liabilities areise it or not...?

22 September 2015 No tax liability will arise.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 September 2015 But Sir, When I am file ITR IT WILL CALCULATE THE TAX ON SHORT TERM CAPITAL GAIN

22 September 2015 which ITR you are filing?

22 September 2015 If your total income including capital gain is less than basic exemption limit no tax payable.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 September 2015 ITR 2 FOR INDIVIDUAL

22 September 2015 There is no ITR form like 2S.

23 September 2015 In ITR 2 : Show the Short term capital gain at item A5 and not item A2

Make the corresponding entry in F3 on the same sheet named CG


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details