What is Short term capital gain tax rate not covered by section 111a i.e rate of stcg other than short term capital assets covered by section 111a?
Menu
short term capital gain tax rate not covered by section 111a
Replies (3)
Hi sushil the STCG other than Sec.111A is to be treated as normal income and it shuld be charged according to the slab rate system....
For Eg: If A earns Rs.150000 from his business and STCG by sale of HP Rs.250000.
His Gross Total Income is Rs.400000 and it is charged according to the Slab Rate.
If any wrong in this clarify it.
Agree with Harish
Short term capital Gain (other than those covered by 111A) is chargeable to tax at normal rates applicable to the person,
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
