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Tax on short term capital gain

Others 266 views 1 replies
If the gross income including short term capital gains is below ₹5 lacs, is it mandatory to pay on short term capital gains. If to be paid at what rate is applicable.
In another case can a short term capital loss be set off against other income and if not can it be carry forwarded to next fin.year.
Replies (1)

basic exemption benefit can be availed against STCG u/s 111A 

STCG u/s 111A @ 15% Otherwise taxable @ normal tax rate 

 

STC Loss can be set off only intra head only with STCG / LTCG 

and the loss can be c/f to next 8 A.Ys 


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