Tax liability u/s 111a
This query is : Resolved
17 May 2013
Wat is the Tax Liabilty if a person is havin income only u/s 111a(stcg on shares and securities) that too below exemption limit..??
17 May 2013
Nil. As per the proviso to the said section, it is taxable only if total income of Ind. or HUF is more than the maximum amount not taxable.
Guest
Guest
(Expert)
17 May 2013
Before making any comment, first tell me are you claiming any deduction u/s 80, is that deduction is also reduced from capital gain amount
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