If a person has net income of Rs.160000/- from all sources and STCG u/s 111A of rs.5000/-, is he liable to pay tax? can he utilise the unexhausted basic exemption towards STCG u/s 111A?
If a person has net income of Rs.160000/- from all sources and STCG u/s 111A of rs.5000/-, is he liable to pay tax? can he utilise the unexhausted basic exemption towards STCG u/s 111A?
No tax liability.
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