Marglinal relief on tax on capital gain

This query is : Resolved

Surender Singh (Querist)
Follow

15 July 2009 Some time before I asked my queries regarading Marginal relief when person have an income except Captial gain is Rs 9 Lac and his short term capital gain is Rs. 1,20,000/- For F.Y 2008-09. Can he avail marginal relief. Then I get answer that he can get it. But my friend who worked in IT department says when he tried this on Income Tax system . The computer has not given marginal relief. So Plz again clear this query with explanation. Thanks in advance

CA Bosu babu

CA Bosu babu (Expert)
Follow

16 July 2009 see marginal relief talks "when total income exceeds"

so total income included CGs....so he will get MR.....

that provision doesnt differentiate with CG and other income......

just refer any one illustrations given in some tax book.....