short term capital gain under 111A
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2011
sir ,
whether tax on short term capital gain under 111A is payable if his total income does not exceed maximum amount not chargable to tax say; basic exemption limit 160,000
income from business n profession 140,000
case1: STCG under 111A 20000
case2: STCG under 111A 40000 and in this case lic primium under 80C is 15000
sir please tell me the tax payable
whether tax on short term capital gain under 111A is payable if his total income does not exceed maximum amount not chargable to tax say; basic exemption limit 160,000
income from business n profession 140,000
case1: STCG under 111A 20000
case2: STCG under 111A 40000 and in this case lic primium under 80C is 15000
sir please tell me the tax payable
03 May 2011
CASE -1, NOT ANY TAX LIABILITY
CASE-2, 15% ON RS. 5000= 750+23=773
CASE-2, 15% ON RS. 5000= 750+23=773
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- TDR receipts for agreement holder
- Company Incorporation - CA and directors signing from different states
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Filing of Form 10BB instead of Filing Form 10B
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
