Tax liability u/s 111a

This query is : Resolved

darshit patel (Querist)
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17 May 2013 Wat is the Tax Liabilty if a person is havin income only u/s 111a(stcg on shares and securities) that too below exemption limit..??

Suresh Mittal

Suresh Mittal (Expert)
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17 May 2013 Nil. As per the proviso to the said section, it is taxable only if total income of Ind. or HUF is more than the maximum amount not taxable.

Guest

Guest (Expert)

17 May 2013 Before making any comment, first tell me are you claiming any deduction u/s 80, is that deduction is also reduced from capital gain amount

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