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Tax u/s111a

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(Querist)
31 July 2014 whether STCG is taxable@15% flatrate if gross total income is less than RS.200000.

Example:
STCG on which STT paid 20,000
other incomes 50,000

let me know whether he need to pay tax on STCG@15% or exempted because of income is less than RS.2,00,000.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 July 2014 if income is below slab then no need to pay tax.
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B Venkatesh

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B Venkatesh (Querist)
31 July 2014 thank you very much sir
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 July 2014 ur welcome venkatesh...............
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Vishnu Saboo

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Vishnu Saboo (Expert)
31 July 2014 no, tax is payable if income not crossing exempted slab.

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