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Short term capital gain on shares

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8 Points Posted on 26 August 2020
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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On 26 August 2020 at 18:32 Report
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5.5 lac minus 2.5 lac = 3 lac

15% of 3 lac = 45000 + cess 4% = 46800

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On 26 August 2020 at 18:42
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8 Points Posted on 26 August 2020
80 c deduction will allows in this case or not
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On 26 August 2020 at 22:16
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12244 Points Posted on 27 August 2020
80c deductions not allowed for short term capital gains charged at special rates
35 Reply
On 27 August 2020 at 03:32


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