stcg-111a

Hi,

Tax liability for STCG is NIL - as STT is paid and for other Income as exemption limit is nt crossed its nil

So, u hav no tax liability.

Normally STCG is taxed @ 15% for AY 10-11 - Only when Shares are sold

for other capital assets(other than Shares) - Normal Slab Rates are applicable..........

Correct me if im wrong!!!!!

Originally posted by : preeti modani
	Hi, Tax liability for STCG is NIL - as STT is paid and for other Income as exemption limit is nt crossed its nil So, u hav no tax liability.   Normally STCG is taxed @ 15% for AY 10-11 - Only when Shares are sold for other capital assets(other than Shares) - Normal Slab Rates are applicable..........   Correct me if im wrong!!!!!

 LTCG (STT paid)  is exempted u/s 10(38) not STCG.