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?
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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,
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