Short term capital gain

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jay arya......... (Querist)
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09 July 2009 Hello friends

I have income from other sources Rs. 100& also income from short term capital gains rs. 400, should i have pay tax only short term capital gain @ 10% sepretlly

thanks

CA Kartik Pandya

CA Kartik Pandya (Expert)
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09 July 2009 No you have to pay income tax @10% on Rs.400 and for Rs.100 according to normal slab rate.

NITIN

NITIN (Expert)
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09 July 2009 Your have to pay tax at normal rate on Rs 100 and Rs 400 except in case of short term sex 111A is applicable in such case @ 10%

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jay arya.........

jay arya......... (Querist)
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09 July 2009 Hello Kartik Sir,

i have to pay only 10% on Short tem capital gain , I think i need not to pay other sources because my tax liability incured when my taxable income exceed to 150000 for f. y 2008-09

please clearify