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 ?
Menu
Taxability of STCG
Replies (5)
 |
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.
Dhirajal Rambhia is correct.
but this benefit not available to Non-residents.
but this benefit not available to Non-residents.
but sir GTI (Including STCG) is below Basic exemption limit
then also it will be taxable?
then also it will be taxable?
Calculate Tax on GTI excluding STCG as per slab rates.
If any unexhausted basic exemption limit remains then deduct from STCG and for the remaining STCG calculate tax @ 15%.
|
but sir GTI (Including STCG) is below Basic exemption limit then also it will be taxable? | |
In that case, tax liability doesn't arise.......
Recent Topic
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
Related Topics
CAclubindia
