Tax on stcg and ltcg
This query is : Resolved
22 July 2024
I have 20 lakhs income from short term capital gains on selling shares and 9 lakhs from long term capital gains on stt paid shares for the financial year 2023-24. How can I save my income tax on this income?
22 July 2024
Need to pay tax over STCG as no exemption under act.
For LTCG u/s. 112A, one lakh is exempted under the section. You can avail exemption u/s. 54F IT act. No other relief.
For LTCG u/s. 112A, one lakh is exempted under the section. You can avail exemption u/s. 54F IT act. No other relief.
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