Tax liability for Short term capital gain from shares with no other income in HUF a/c

I have made short term capial gain of Rs 280000 from sale of shares in July, 2024 in my HUF account . I donot have any other income in this account . What will be my tax liability for this income?

Replies (3)
Quick Summary
This discussion addresses the tax liability for a Hindu Undivided Family (HUF) account that realised a short-term capital gain of Rs 280,000 from selling shares. The user inquired about the tax implications, specifically noting no other income in the account. The consensus suggests nil tax liability under the new regime for resident Indians. The conversation also briefly touches upon the different tax treatment for NRIs.

Nil tax liability under new regime.        

Thank you so much . What would have been Tax Liability if this account was NRI / NRO ?

For NRI it will be taxable, not for resident Indian.

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