Short term capital gain
This query is : Resolved
20 March 2015
Hi,
Annual income of an Individual is Rs.10 lakh including short tern capital gain of Rs.7.5 lakhs for the FY 2014-15. Individual is a senior citizen.
How much tax will be applicable?
Pls suggest
Annual income of an Individual is Rs.10 lakh including short tern capital gain of Rs.7.5 lakhs for the FY 2014-15. Individual is a senior citizen.
How much tax will be applicable?
Pls suggest
22 March 2015
what is the assets?
If shares then tax will be 7.5lac * 15% = 112500
If other than shares tax will be as per normal slab = 125000.
above tax is exclusive of education cess.
If shares then tax will be 7.5lac * 15% = 112500
If other than shares tax will be as per normal slab = 125000.
above tax is exclusive of education cess.
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