stcg-111a

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learner

110 Points Posted on 24 May 2010

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!!!!!

Business

2570 Points Posted on 24 May 2010

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.

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