Poonawalla fincorps
Poonawalla fincorps

Tax saving on Short term capital gain

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(Querist)
22 December 2021 I have income of Rs 650000 from short term capital gain only and no other source of income. How can I save tax on short term capital gain for shares bought under section 111A?
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
22 December 2021 For short term capital gain u/s. 111A, there is no deduction available, except basic exemption limit. (un exhausted, if any)

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