A female client is housewife and she has income of f.d.interest of RS 100000= and stcg from shares RS.25000=. Shall she will have to pay 15% tax on short term capital gain for the assessment year 18-19.
which ITR she should use?
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Short term capital gains.
Replies (3)
No.
ITR 2
ITR 2 will be applicable
Capital gains & Income form other source .
She is not required to pay tax since section 111A says that if the total income is below taxable limit then the remaining balance can be utilised for STCG. Hence she is not liable to pay tax.
You need to file ITR 2 for the same.
You need to file ITR 2 for the same.
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