Tax u/s111a
This query is : Resolved
B Venkatesh
(Querist)
31 July 2014
whether STCG is taxable@15% flatrate if gross total income is less than RS.200000.
Example:
STCG on which STT paid 20,000
other incomes 50,000
let me know whether he need to pay tax on STCG@15% or exempted because of income is less than RS.2,00,000.
Example:
STCG on which STT paid 20,000
other incomes 50,000
let me know whether he need to pay tax on STCG@15% or exempted because of income is less than RS.2,00,000.
31 July 2014
if income is below slab then no need to pay tax.
B Venkatesh
(Querist)
31 July 2014
thank you very much sir
31 July 2014
ur welcome venkatesh...............
Vishnu Saboo
(Expert)
31 July 2014
no, tax is payable if income not crossing exempted slab.
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