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Tax liability on short term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2016 MY INCOME FROM BUSINESS : 65000/- U/S 44AD
SHORT TERM CAPITAL GAIN FROM SECURITES 125000/-
LONG TERM CAPITAL GAIN FROM SECURITY 350000/- Exempted

TAXABLE INCOME 190000 LESS THEN THRESHOLD LIMITED HENCE TAX LIABILITY NIL ?

PL ADVISE
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Ankur Singhal

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Ankur Singhal (Expert)
19 March 2016 Dear
Tax liability is nil.
As total income is less than the minimum income liable to tax.

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