LTCG - 2.60 LACS (Sale of equity shares)
STCG - 60000 (sale of equity shares)
age - below 60 years
compute tax liability
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tax liability
Replies (3)
they attract tax of 20% nd 10% respectively
irrespective of Bel
irrespective of Bel
NO.
LTCG TAX ON 1.60 LAKHS..... 15000/-
STCG ON 60000.... @ 15% .... 6000/-
Total 21000 +4% cess
i think in case of a resident the LTCG u/s 112 or 112A or STCG U/S 111A shall be reduced by the unexhausted basic exemption limit and the balance shall be subject to tax, my doubt is that after basic exemption limit the balance of income of 70000 will be taxable at which rate?
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