My daughter became a major a few months back. Now she has started trading equity on a delivery basis and has only income under short‑term capital gain of ₹43,000, on which she will be liable to pay tax or it will be adjusted against rebate.
Please advise, and also let me know up to which amount she is not liable if she is having only short-term capital gain income from equity.
Thanks
Under New regime - Entire STCG is taxable
under Old regime - STCG is not taxable if total income is upto 5 lakhs
STCG @ 20%
Thankyou
73000. -it is not taxable at all.
New regime old regime neither of them .
Advisable to file itr under new regim.....so in future if any loss....then can be c/f
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