Doubt: Short Term Cap Gain

Suvarna Goel (-) (351 Points)

24 May 2010  

Suppose a person earns STCG on sale on shares. We know that LTCG on shares is exempt but STCG is not.

Now, the STCG is added to the other incomes of the person.

BUT, tax on it needed to be paid even before 31st July? i.e whn the person files return for his income
Or, tax on STCG can be paid well along the tax on other Incomes.