Stcg u/s111a

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hi
20 Points Posted on 23 June 2020
is there any tax planning for stcg u/s111a?
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On 23 June 2020 at 15:23 Report
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Quick Summary
When dealing with Short-Term Capital Gains (STCG) under Section 111A, you can utilise your basic exemption limit. Any profit exceeding this limit is taxable at 15%, especially if you have no other income. Importantly, Chapter VI-A deductions are not applicable to STCG.

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article Assistant
1644 Points Posted on 23 June 2020
You can take the benefit of basic exemption limit. Profit after basic exemption limit only be taxable if there is no other income. Chapter VI A deductions are not available.
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On 23 June 2020 at 16:39
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hi
20 Points Posted on 23 June 2020
No but that is available for the other income....still we have to pay the tax @ 15% on stcg
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On 23 June 2020 at 18:13
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AUDIT ASSISTANT
179 Points Posted on 23 June 2020
Stragiht forward taxed @ 15%.
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On 23 June 2020 at 21:29

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