Basic exemption limit applicability
CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (752 Points)
05 July 2021
suppose, I have other income plus STCG, LTCG then how to apply basic exemption limit??
CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (752 Points)
05 July 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 05 July 2021
In case of resident individuals, STCG & LTCG too can be adjusted against basic exemption limit.
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 05 July 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 05 July 2021
See if examples given in the link are helpful:
https://www.relakhs.com/adjust-short-term-capital-gains-against-basic-exemption-limit/
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 05 July 2021
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