STCG vis-a-vis 80C

14 August 2021

if a person has STCG only as an income during the year...
in that case will 80C benefit of 1.5 lakh will be available for him....?

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5 Replies

Sivaramaraju G (Learner) (2398 Points)
Replied 14 August 2021

Yes 80C deductions are available against STCG but not against LTCG

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Samantha J (1236 Points)
Replied 14 August 2021

Yes it's okay

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Gowtham (Student) (1174 Points)
Replied 14 August 2021

80c is not against stcg on shares, I guess

Samantha J (1236 Points)
Replied 14 August 2021

STCG is on capital asset gains which includes shares.Chapter VI deduction can be deducted from such income to arrive at taxable income.

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 August 2021

Yes it is available

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