STCG TAX

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2010 if a lady has Rs 190000/- income from short term capital gain for year 2009-10, how much she has to pay tax,

28 July 2010 If no other income then tax NIL
If other income above Rs. 190,000 tax on STCG @ 15%.

If in between then basic exemption available against STCG also and balance taxable @ 15%.

28 July 2010 only if she is resident in india she can avail this benefit

otherwise it would be taxable at 15%




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