Tax on short term capital gains

Tax planning 3123 views 17 replies

@ Vishwas - Agree with Vishwas... Btw how r u dude?? :)

Replies (17)

@ Vishwas - Agree with Vishwas... Btw how r u dude?? :)

A resident individual can claim STCG from the minimum exemption slab. So the balance 25600 will be taxable only .. @ 10% or 15%.

If the STCG u/s111A is 750000 and income from other source is 25000, that is (25000) getting reduced to nil because of deduction ou/s 80 C, so shall we deduct Basic exemption from that STCG while calculating TAX on STCG or not, HELP ????????


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