Hi,
I want to know whether 15% is applicable on sale of gala as short term capital gain
or in only sale of shares 15% is applicable...
today i done 1 income tax file in that sir has not septrely charges 15% on sale of gala..
so i am totally confused...
plese help me........
bhavik
Pardon me.. Wat is gala btw..?
| Originally posted by : LKR ~ A CA in Making!! | ||
 |
Pardon me.. Wat is gala btw..? |
|
Gala is property name like one unit
Any short term gain is taxed at 15% brother!!
If only there is STCG then u will get exemption upto below taxable limit!!
15% is not only applicable for shares but for all
Short term capital gain u/s 111A is taxable at the rate 15%... other short term capital gain is taxable as per normal slab rate....
@ anila : Thanks..........
@ Ankit: Thanks
CAclubindia
