Suppose in the FY one person has net taxable income from salary Rs 480,000.00 for the FY 2010-2011 (AY 2011-12) and STCG from the shares (listed on stck exchnage and STT paid) Rs. 15000.00
Please let me know now the tax payable on the STCG will be at 15% or it can be filled with the balance amount of Rs 20000 (for upto 5,00,000 slab) and tax will be payable at 10%
Tax payable on STCG will be 15% for A. Y. 2011-12. It can not be filled in the Gap of Rs. 20000.
STCG will have to be paid @ 15%. Only the unexhausted basic exemption limit can be filled up by STCG......
if your net taxable income before stcg is below threshold limit, then only u can adjust the balance of threshold limit, once the net income before stcg get taxable, then its 15% always.
Anupam Parashar & Co.
Ghaziabad
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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CCI
Pro
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