09 October 2013
I (individual) have reced long & short capital gain but the same is below the basic exemption limit of Rs.2Lakh whether i have to pay the Income tax on the same as the same is below exemption limit. Pls guide
Tax on Short term Capital Gain liable to tax as per Income tax slab.. As it is below 2 lacs not tax...
Note: Short-term capital gain from sale of equity shares on which STT has been paid shall be taxable at the special rate of 15.45 per cent (including cess).
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