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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2012 For AY 2012-13, individual aged 60 plus, has pension and interest income of Rs.290000/- and short term capital gain of Rs.60000/-, he has invested Rs.1 Lac u/s 80C. Is he liable to pay tax under STCG?
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
23 March 2012 His GTI will be 350,000/-

Less : 80C Rs. 100,000/-

Balance :- Rs. 250,000/-

Basic Exemtion:- Rs. 250,000/-

Taxable Income:- Nil

Tax on Same :- Nil

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