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INCOME TAX SAVING
Quick Summary
CA are there for strictly implementing the Income tax act and not whatever you want
We also but sometimes depends on fact
Those facts are not written in Income Tax Act
If your STCG includes sale of equity shares under 111A then you have to pay tax @ 15%. It doesn't matter whether income is less then Rs. 5,00,000/-
Regards
CA Sagar
Is it query or you are giving information?
Long term capital gain from ELSS mandatory to show in itr?
Yes you need to declare
It will be counted on total income?
Yes but depends on nature of capital gain.
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