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Taxability

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(Querist)
25 January 2012 I am a C.A student and have income from stipend, interest (other than interest on securities - on which TDS is deducted) and capital gains from share trading. So for filing my I.T Return will stipend be taxable? Also do i have to Pay Capital gain tax if my income doesnt exceeds the basic limit??
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
25 January 2012 Stipend received is not taxable as income.

For rest of the query, i request you to refer your text book and search answer there as you have already completed taxation in your IPCC/PCC.

These are basic concepts you need to be clear with. If you try and search for solution on your own, it would be helpful to you.



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CA Harsh Kothari

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CA Harsh Kothari (Querist)
02 February 2012 Dear Sir,

Thanks for your advice.
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