21 August 2015
Sir, my total Income after Chapter VI A Deductins is 462140 (Rs.111636 is from Short-term capital gains TAXABLE @ 15% & Rs.350504 from Salaries)
Now for Short-term capital gains what rate should i apply for computation of Tax (15% or 10%) 10% why because I m falling under 10% Slab rates up to 5Lakhs
22 August 2015
Capital gains are taxed at special rates and are not concerned with slab rates, so you may have to compute tax on Capital Gains at 15% and not 10%
CAclubindia
