Gross total income is below taxable limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2015
My gross total income ( excluding LTCG and STCG) is below taxable income my question is that to avail basic exemption limit from which income LTCG or STCG shall be first adjusted please help me while calculating income tax.
18 July 2015
Short term capital gain will be first adjusted.
18 July 2015
u need to consider Capital gains also for cal the exemption limit
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2015
Dear Seetharaman sir,
please mention section which says first adjust STCG.
please mention section which says first adjust STCG.
18 July 2015
See the link.
www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf
www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf
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