Solve This

Assesse is a women assesse aged lessthan 65 years. Her income is the following :

LTCG Rs.163869/-

STCG Rs.301075/-

IFOS Rs.111529/-

LIP   Rs.100000/-

Agri Income Rs.88000/-

Please solve this what is the tax liability for the FY 06-07 (Asst Year 07-08)

Please solve this query

Thanks in advance,

 

Replies (6)

LTCG STCG with STT or not

Originally posted by :shankar
" Assesse is a women assesse aged lessthan 65 years. Her income is the following :
LTCG Rs.163869/-
STCG Rs.301075/-
IFOS Rs.111529/-
LIP   Rs.100000/-
Agri Income Rs.88000/-
Please solve this what is the tax liability for the FY 06-07 (Asst Year 07-08)
Please solve this query
Thanks in advance,
 
"


 

Plz give clear detail abt cap gain.if we assumed the whole LTCG is taxable and STCG is not related to sec111A than tax calucaltion is as follows:---

I solve Ur query in attached exl file.
 

 

Dear Shankar,
    There are many issues arising here.
            i. Is LTCG through recognised stock exchange and STT is paid or is it for any other purpose.
            ii. STCG is for shares, debentures and bonds or for any other purpose.
 

This is because the computation of tax liability differs a lot due to this reasons.
Pls. clarify me regarding the matters stated above.

Dear Shankar,
    There are many issues arising here.
            i. Is LTCG through recognised stock exchange and STT is paid or is it for any other purpose.
            ii. STCG is for shares, debentures and bonds or for any other purpose.
 

This is because the computation of tax liability differs a lot due to this reasons.
Pls. clarify me regarding the matters stated above.

Dear Shankar,
    There are many issues arising here.
            i. Is LTCG through recognised stock exchange and STT is paid or is it for any other purpose.
            ii. STCG is for shares, debentures and bonds or for any other purpose.
 

This is because the computation of tax liability differs a lot due to this reasons.
Pls. clarify me regarding the matters stated above.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details