Tax liability on short term capital gain

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Rajesh (Querist)
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26 December 2012 Hi experts

Please check the income statement for the year 2012-2013 & tell me what is the tax liability.

Salary& allowance 180000
Commission 100000
Short term
Capital Gain 30000
Interest on FD 25000
Total 335000

What will my tax liability.My doubt is that what is the tax liability on the short term capital gain ( realized from mutual fund trade not through stock exchange)

Regards

Rajesh

S Sivasalapathy

S Sivasalapathy (Expert)
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26 December 2012 STCD tax rate is 15%.

305000 - 10,500
30000 - 4,500
Cess - ,450

Total - 15,450.

Rajesh

Rajesh (Querist)
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26 December 2012 Hi Sivasalapathy

Thank you very much for your fast reply.Please answer one more question shall I get a capital gain statement from each fund house at the end of the year else it will be very difficult to calculate.

Regards
Rajesh

S Sivasalapathy

S Sivasalapathy (Expert)
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27 December 2012 Yes. Statement can be received from each house.

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