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Provision of sec 111A

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11 Points Joined May 2021
does 100000 to be minus from stage u/s 111A
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On 14 May 2021 at 16:53 Report
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Chartered Accountant
24588 Points Joined November 2019
LTCG upto 100000 rupees is exempt on sale of equity oriented funds, mutual funds etc. u/s 112A
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On 14 May 2021 at 17:19
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11 Points Joined May 2021
So 100000 is not the exemption u/s 111a ..it is only under sec 112a ?
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On 14 May 2021 at 17:25
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tax consultant
3306 Points Joined October 2018
Right.
111A is for stcg taxable at 15% only.
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On 14 May 2021 at 17:37
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11 Points Joined May 2021
Okay thank you 😊
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On 14 May 2021 at 17:39
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Chartered Accountant
24588 Points Joined November 2019
Your welcome
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On 14 May 2021 at 18:14

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