Query Regarding STCGT on Equity
Mr. X made short term capital gains of 8 lakhs in equity shares sold in a FY. He has no other income. After paying short term capital gains tax @ 15 (120000), the remaining net income is 680000.
1. After paying STCGT, whether he needs to pay income tax?
2. If yes means, ca he use 80c deduction options ?
3 . What is the net income tax payable ?