Poonawalla fincorp
Poonawalla fincorp

Gross total income is below taxable limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2015 My gross total income ( excluding LTCG and STCG) is below taxable income my question is that to avail basic exemption limit from which income LTCG or STCG shall be first adjusted please help me while calculating income tax.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 July 2015 Short term capital gain will be first adjusted.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 July 2015 u need to consider Capital gains also for cal the exemption limit
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2015 Dear Seetharaman sir,
please mention section which says first adjust STCG.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 July 2015 See the link.
www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf

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