I would be grateful if you clarify STCG

Hie,

As i go thru ur problem i come to know that you have earned Rs15,000 by way of Short Term Capital Gain and have no other source of income. So I clearify you that untill and unless you have your income which exceeds the maximum limit  not chargeable to tax. You no need to pay even a single penny of tax to the govt.

And one more thing, An individual (Who is neiither a senior citizen nor a resident female) is not liable to pay tax if his income doesn't exceeds Rs. 150,000 for the assessment year 2009-2010.

Mr. Rajendra

and

Mr.Sanjeev Jain

The relevant section in the income-tax act, 1961 is 111A.  This is only for your clarification.

Sathikonda