a person is short term capital gain on shares RS
5,50,000 and dividend income 5000 and 80 c deduction is 140000 what is his tax liability
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Short term capital gain on shares
Replies (3)
Quick Summary
5.5 lac minus 2.5 lac = 3 lac
15% of 3 lac = 45000 + cess 4% = 46800
80 c deduction will allows in this case or not
80c deductions not allowed for short term capital gains charged at special rates
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