Tax
This query is : Open
26 May 2017
if i got profit in short term capital gain of Rs. 40000/- for Fy 2016-17 , so what tax amount on profit and who will liable to pay tax , brokerage CO. or individual , what is last date of tax deposit or any penalty
26 May 2017
Tax chargeable @20% i.e 8000/- & u have to pay tax. In case u have other income less than basic exemption limit then balance is deducted from capital gain income.
26 May 2017
what is date of pay tax , and which challan
Message likes :
1 times
26 May 2017
Presumed that STCG is on listed shares AND STT is paid.
Tax @15℅ on Rs 40,000/- I.e Rs 6,000/- plus 3 ℅ Education Cess.
You will have to Pay Tax on the same in the Quarter you have earned Short Term Capital Gain.
since last Date of payment was 31st march, 2017, therefore Interest will be payable on the above.
No penalty.
26 May 2017
Also File your Income Tax Return in order to avoid future Notice.
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
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
