LTCG is added in total income and is above 5 lakhs.
In Aggregate Income column, value is less than 5 lakhs. Tax is calculated on the aggregate income in the tax computation sheet, but 87A Rebate is not given. Please see attached screenshot:
LTCG is added in total income and is above 5 lakhs.
In Aggregate Income column, value is less than 5 lakhs. Tax is calculated on the aggregate income in the tax computation sheet, but 87A Rebate is not given. Please see attached screenshot:
Whether right or wrong, you will have to pay Rs. 11,447/- tax over the exempt income of Rs.8848/- as the aggregate income has crossed Rs. 5 lakhs.
I Paid the amount today and filed my return.
Thank you for all the help provided.
You are welcome ..
Good luck...
CAclubindia
