Income Tax liability on STCG/LTCH
This query is : Resolved
23 July 2024
What is the standard Deduction(allowance) allowed in STCG /LTCG FY 23-24 for nil income tax.
Upto what amount tax does not attract and slab there after.?
Upto what amount tax does not attract and slab there after.?
23 July 2024
For any STCG or LTCG there is no standard deduction under IT act.
If the Aggregate income is below exemption limit, in that case no CG tax even if it is charged at special rate. Rebate u/s. 87A is not allowed for these gains charged at special rate.
If the Aggregate income is below exemption limit, in that case no CG tax even if it is charged at special rate. Rebate u/s. 87A is not allowed for these gains charged at special rate.
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