TAX CALCULATION

This query is : Resolved

CA Atul verma (Querist)
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15 September 2009 income from other source Rs 50000
Income from STCG(111A) RS 60000
Income from LTCG RS 60000

WATS MY TAXABLE INCOME OR COMPLETION OF MY BASIC EXEMPTIOM LIMIT I CONSIDERED FIRST STCG OR LTCG

Ratan Sharma

Ratan Sharma (Expert)
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16 September 2009 first consider the STCG and then LTCG. In your case total income is Rs. 1.70 lacs. After basic exemption limit LTCG chargeable to tax is Rs. 0.20 lacs.

CA Atul verma

CA Atul verma (Querist)
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17 September 2009 thanks

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