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Income tax return

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2016 Whether I need to file return and pay tax @ 15% on stcg if I have only
Interest income 50000
STCG on shares 80000

Is it mandatory to show STCG in return even if it is less than exemption limit?
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Ruchi

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Ruchi (Expert)
23 August 2016 No, you dont need to. Since total income including STCG is less than exemption limit , you dont need to pay any tax even on STCG separately.

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