03 March 2008
My total income is below basic exemption limit. And my total income also comprises of short term capital gain of Rs. 10000 so shall i be liable to pay short term capital gain tax on Rs. 10000.
09 March 2008
does not that means in case of situation where the part of short term gain falls under the basic standard deduction then the remaining amount of it will be taxed at 10%.
CAclubindia
