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Tax liabilities

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Querist : Anonymous

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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...?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 September 2015 No tax liability will arise.
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Querist : Anonymous

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

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Amol S Joglekar (Expert)
22 September 2015 which ITR you are filing?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 September 2015 If your total income including capital gain is less than basic exemption limit no tax payable.
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2015 ITR 2 FOR INDIVIDUAL
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 September 2015 There is no ITR form like 2S.
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Amol S Joglekar

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Amol S Joglekar (Expert)
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
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