Tax on STCG

This query is : Resolved

Devendra (Querist)
Follow

28 April 2011 Mr. X has STCG income for A.Y 11-12185000, what will be the tax liability? What is the rate of Tax on STCG?
When is the STCG charged @ 10% and when is STCG charged @ 15%?

Please show your calculation.

Thank You
Regards,
Devendra K

Guest

Guest (Expert)

28 April 2011
STCG on Equity Shares and Units of Equity oriented Fund on which STT has been paid,attracts 15 %. In other cases, it would be treated as per slab rate applicable to assessee.

In your case, Tax liability would be Rs. 3,863 (If STCG is from selling Equity Shares etc)or else it would be Rs. 2,575. (Excess of STCG over exempted Income 160,000).

Message likes : 1 times

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

manojkumarkk

rajkumar yadav

C G K MURTHY

CA.Gopal Rathi

MAHESHA RAMANNA

Subscribe Now

Tax on STCG

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

Accountant

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY