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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Traces Portal
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
