Tax u/s111a

This query is : Resolved 

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.

31 July 2014 if income is below slab then no need to pay tax.

31 July 2014 thank you very much sir


31 July 2014 ur welcome venkatesh...............

31 July 2014 no, tax is payable if income not crossing exempted slab.



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