Tax on capital gain
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2017
if my income is 180000 for fy.2016-17 and capital gain 10000 then i should pay tax or not?
13 October 2017
Basic exemption limit is available for the capital gain, therefore there is no need to pay tax on 180,000. and Rs 10,000 on capital gain.
13 October 2017
No Tax Till the income of Rs.250000 whether it Capital or any other income.
So in you case no tax is payable as you income doesn't exceeds Rs.250000
13 October 2017
No Tax Till the income of Rs.250000 whether it Capital or any other income.
So in you case no tax is payable as you income doesn't exceeds Rs.250000
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