I am trying to file tax through cleartax, below is my capital gain from purchase sale of stocks taken added to cleartax. Shouldnt this also include 1 lakh additional deduction which is the standard deduction. I have long term gain of 12,31,877 and short term loss ( which i booked for tax saving of 2,26,728. But total capital gain is still 10,05,149, should it not have another 1 lakh deduction?
1 lakh deduction on Capital gain from stocks not being calculated?
G Verma (>) (147 Points)
26 July 2023