i am a hose wife and my annual income is Near about Rs. 150000 from tution to kids. and my annual profit from share market is 25000 (Short Term Capital Gain). that means total annual income is 150000+25000 = 175000. would be there any tax on me?
i am a hose wife and my annual income is Near about Rs. 150000 from tution to kids. and my annual profit from share market is 25000 (Short Term Capital Gain). that means total annual income is 150000+25000 = 175000. would be there any tax on me?
No
Hi,
No TAX applicable on your income. But file the IT return as good as for you.
@ Akhil: Yes, if transacted through registered stock exchange.
@ Akhil: You are correct, but its levied only if the total income including STCG would have exceeded the basic exempted limit.
I Agree with Mr. Dhirajlal Rambhia , As the capital gain doent exceed Un-Exhausted Basic Exemption Limit , no need of paying Tax ( irrespective of Whether STT paid or not).
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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