Stcg on shares

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2017 If total income without including STCG on shares below exemption limits i.e. less than 250000 then also tax is to be paid on STCG on shares @15%.

Guest

Guest (Expert)

07 June 2017 if total taxable income excluding STCG is below the maximum amount chargeable to tax, then such shortfall can be adjusted against stcg and consequently balance STCG is chargeable to tax

Guest

Guest (Expert)

07 June 2017 this adjustment benefit is not available to non resident

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2017 if my total normal income 1.5 lakhs and stcg on shares 20 k then also i have to pay tax @15% on 20k

Guest

Guest (Expert)

07 June 2017 in that case, you need not pay any tax on stcg