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navya (Querist)
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09 December 2010 WHILE CALCULATING TAX LIABILITY OF AN INDIVIDUAL, DO WE CALCULATE TAX LIABILITY UNDER INCOME FROM CAPITAL GAINS SEPARATELY?

navya

navya (Querist)
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09 December 2010 THE ANSWER IS YES. I DO KNOW THE ANSWER EARLIER, BUT POSTED FOR MY DEAR STUDENTS TO KNOW. BECAUSE IN MANY TEXT BOOKS THE SAME ABOVE MENTIONED PROCEDURE IS NOT FOLLOWED, THIS MAY LEAD TO FAILURE OF THE STUDENT.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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09 December 2010 Tax to be calculated seperately only if it is Long Term Capital Gains or Short Term Capital Gains u/s 111A. If it is STCG other than u/s 111A then it would be taxable at slab rates and not liable for special rate of taxation and hence there is no need to tax it seperately.

Also for the benefit of others you have started a post in experts but would request you to post it in forum section for the benefit of all students as that section is more frequently visited by students than here.

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navya

navya (Querist)
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09 December 2010 YA YES THANKU I'LL