Computation of income tax

Is long term capital gains is over equity shares? Whether ST paid over its sale?

No it is not on equity shares or any other security.

So, long term capital gains after indexation will be charged at 20%.

STCG  ( 4.84-2.50 L) = 2,34,000/- will be charged at 15%

Assuming no other income/s.

Originally posted by : Dhirajlal Rambhia
	So, long term capital gains after indexation will be charged at 20%. STCG  ( 4.84-2.50 L) = 2,34,000/- will be charged at 15% Assuming no other income/s.

But as per proviso to section 111a

basic exemption to STCG of sec 111a is available only if the total income after reducing such stcg is less than the basic exemption limit 

and same language is also there in the case of proviso to section 112(LTCG)