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?
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Tax return
Replies (8)
No
Hi,
No TAX applicable on your income. But file the IT return as good as for you.
Hi,
may I know whether security transaction tax(STT) is paid while selling the shares????
may I know whether security transaction tax(STT) is paid while selling the shares????
@ Akhil: Yes, if transacted through registered stock exchange.
No tax up to 2.5lakhs
@ dhirajlal:am askng that whether namit jain has paid the stt while selling the shares,,,,,,if she pays then STCG should b taxed at special rate?
that s wat my query is....
that s wat my query is....
@ 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).
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