In an HUF account, entire income is from STCG and it is 3 lakhs. So, 2.5 lakhs will be exempt under basic tax limit.
Will the balance be taxed at 5% tax rate (as per tax bracket) of 15% (because it is short-term capital gain)?
Thanks!
In an HUF account, entire income is from STCG and it is 3 lakhs. So, 2.5 lakhs will be exempt under basic tax limit.
Will the balance be taxed at 5% tax rate (as per tax bracket) of 15% (because it is short-term capital gain)?
Thanks!
If the STCG is from equity related units/shares, tax rate 15%; otherwise as per slab rate.
It is from debt mutual fund - held for less than 3 years and hence STCG. Thank you.
You are welcome.
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