15 December 2021
Income of Senior Citizen as follows Salary income after std dedn Rs.16,228/- Speculation Profit from shares Rs.18,475/- Long Term capital gains on sale of shares Rs.34,789/- Short Term capital gains on sale of shares Rs.1,24,212/- Income from other sources Rs.4,79,325/- Gross Total Income Rs.6,73,029/- Less : U/s 80C Rs.1,45,000/- u/s 80TTB Rs.50,000/- Total Income Rs.4,78,029/-
My question is whether there will be any tax payable or will be fully covered u/s 87A ?
CAclubindia
