Total Income Consideration for calculation of Surcharge
This query is : Resolved
29 August 2025
Hi,
Please suggest if the LTCG income from equity is added in Total Income post considering applicable exemption of Rs 1 Lacs or before considering this exemption. Any example supporting the response will be helpful. Thanks a lot friends !
Please suggest if the LTCG income from equity is added in Total Income post considering applicable exemption of Rs 1 Lacs or before considering this exemption. Any example supporting the response will be helpful. Thanks a lot friends !
29 August 2025
LTCG without any exemption is recorded in 'Schedule CG'. But check Schedule SI... Tax is calculated after deducting exemption of Rs. 1.25Lakhs.
So, Schedule TTI reflects the tax calculated as in Schedule SI.
So, Schedule TTI reflects the tax calculated as in Schedule SI.
21 September 2025
Good luck....
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