Menu
IncomeTax for a housewife
Income of a housewife comes from bank interest and intraday trading and delivery trading of stock market .Her yearly income is less than 2.5 lac. As STCG of flat 15 percent applicable so my question is Will STCG applicable to her in this case ? will her income tax be zero?
Replies (2)
Profit from intra day Trading is considered as business profit n it will be tax @ slab rate. Profit from sale of stock after taking delivery within 12 months is considered as STCG n tax @ 15%.
2.5 lac limit is considered in case of business profit
2.5 lac limit is considered in case of business profit
suppose business profit from intraday trading is 1 lac and STCG is 1.5 lac. Is it necessary to submit ITR in this case? What will be income tax ?
Recent Threads
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
Related Threads
CAclubindia
