Basic exemption on stcg

yes, Your capital gain to be reduced by basic exemption limit

yes ... totally agreed with Varun..

yes but only to a resident individual and huf

with regards

himanshu agarwal

If u r a resident indivisual , resident HUF or ordinery resident or not ordinerily resident  than the STCG will be calculate as under :

Step 1 : calculate gross total income as per normal way (including STCG) .

Step 2 : Deduct deduction permissibale under Sec. 80C To 80U

Step 3: Find out net taxable income

Step 4 : calculate tax as per normal income tax slab awailable  ...................................................................

* If STCG is as per section 111A than dection U/s 80C to 80U were not available