Hi.
A HUF has income only from trading of shares.
Both inter-day and intra-day.
Now the total profit from these transactions is 2,12,000/-
Out of which STCG is 144200, and from Same-DAy trading is 67800.
Please advice if the entire amount is exempt as it is below 2.5 lacs or does it have to pay 15% tax on 67800 for speculative income?
Thanks
Total amount, being below exempted limit, no-tax liability.
PARV & Co.
New Delhi
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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