I am an individual with gross total income of 680000 which include short term capital gain from selling shares of Rs 28000. I am told i have to pay STCG 15% , does it mean i count 15% on 28000 and subtract this amount from total income i.e. 680000-28000=652000 and calculate income tax on 652000 seprately.
Correct.
The same will be calculated by income tax utility for ITR 2 or ITR 3, whichever applicable to you.
SSGS and Associates
Chennai
CA Inter
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
