Chaitanya Deo (11 Points)
17 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193912 Points)
Replied 17 November 2017
 |
If gross total income is less than basic exemption limit then will STCG be taxable , as there is flat 15% tax rate on STCG please clarify ? |  |
It will be taxable @ 15% only over the balance amount left after adjustment of basic exemption limit.
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
Chaitanya Deo
(11 Points)
Replied 18 November 2017
Sunil Ahmad
(Student)
(1511 Points)
Replied 18 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193912 Points)
Replied 18 November 2017
|
but sir GTI (Including STCG) is below Basic exemption limit then also it will be taxable? | |
In that case, tax liability doesn't arise.......
CAclubindia
