Basic exemption for STCG

Tax queries 654 views 1 replies

If I've only STCG, can I claim full exemption of the basic exemption limit?

(Already referred 111A)

ie my total icome is STCG of 3,00,000/- and I dont 've any other income.

Whether my tax liability is [3,00,000 * 15%] or [(3,00,000 - 1,60,000)*15% ]


Replies (1)
Originally posted by : Tom S Peter

If I've only STCG, can I claim full exemption of the basic exemption limit?

(Already referred 111A)


ie my total icome is STCG of 3,00,000/- and I dont 've any other income.

Whether my tax liability is [3,00,000 * 15%] or [(3,00,000 - 1,60,000)*15% ]



 


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