Basic exemption limit applicability

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ARTICLE
752 Points Posted on 05 July 2021
suppose, I have other income plus STCG, LTCG then how to apply basic exemption limit??
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On 05 July 2021 at 16:03 Report
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This discussion clarifies how resident individuals can apply the basic exemption limit to their Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG). The user sought an explanation and an example to understand the adjustment process. Guidance was provided, including a link to a helpful resource for further clarification.

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CMA
13117 Points Posted on 05 July 2021

In case of resident individuals, STCG & LTCG too can be adjusted against basic exemption limit.

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On 05 July 2021 at 18:44
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752 Points Posted on 05 July 2021
Yes...how it can be adjusted...please give me example for more clarification...
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On 05 July 2021 at 19:05
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CMA
13117 Points Posted on 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/

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On 05 July 2021 at 19:13
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752 Points Posted on 05 July 2021
Link can't be opened...but I will open this site with the help of above mentioned link....thank you so much ma'am for your kind help 🙏
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On 05 July 2021 at 19:15

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