capital gains
This query is : Resolved
05 October 2009
In the case of resident an Individual or a HUF, if the basic exemption not exhausted by any other income then STCG u/s 111A shall be reduced by the unexhausted basic exemption limit and only the balance STCG shall be chargeable to tax @15%.
Can any body explain it with a few Examples?
Can any body explain it with a few Examples?
06 October 2009
Suppose your business income is 100000/-
STCG is 70000/-
and 160000/- is the minimum exemption limit , then only 10000 will be the balance STCG which will be chargeable to tax .
STCG is 70000/-
and 160000/- is the minimum exemption limit , then only 10000 will be the balance STCG which will be chargeable to tax .
06 October 2009
Agreed with Mr. rajeev
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