Share trading profit calcullation

This query is : Resolved

AMIT KR GHOSH (Querist)
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24 June 2016 My Client has Fixed Deposit Interest Income of Rs. 46000/- in 2015-16

Short Term Capital Gain from Share Trading in 2015-16 of Rs. 8000/- & Long Term Capital Gain of Rs. 3000/-

What will be the Tax Calcullation for Filing Return.

Which ITR is to be files ITR1 or ITR 2

AMIT

Rupesh Jain

Rupesh Jain (Expert)
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24 June 2016 under short term profit if you pay security transaction tax then no tax on STCG and LTCG alwill exempt and tax will calculate on the other income head which is also below the exempt limit then no tax will payable in your case. section 111A, 112.