26 October 2015
If my total income before capital gain is rs. 210000. Long ree capital gain is rs. 15000 short term capital gain rs. 10000 stt paid On short term capital gain. please let me know my tax amount. Can I set off long term capital gain with normal slab also.....
26 October 2015
Exemption limit is to be first applied to income taxable as per slabs. If the exemption limit is not exhausted against such income then it can be adjusted against capital gain, long & short term. Therefore, you are not liable to tax.
03 November 2015
You can adjust any of the two. Adjusting LTCG will be better as it is taxed at @ 20% compared to STCG with STT which is @ 15%. In your case you can adjust both as exemption limit is 2,50,000.
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