Tax on short term capital gain
This query is : Resolved
Rahul k lalwani
(Querist)
06 July 2015
If an individual have only short term capital gain of 30000 on shares no other income while filing his Itr did he need to pay tax ??
Nikhil Kaushik
(Expert)
06 July 2015
yes...he has to....................
CA R SEETHARAMAN
(Expert)
06 July 2015
No need to pay tax as it is below the basic exemption limit.
Nikhil Kaushik
(Expert)
06 July 2015
sorry my mistake here,,,the STCG will be included in the total income itself
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