Basic exemption limit applicability
CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (752 Points)
05 July 2021
suppose, I have other income plus STCG, LTCG then how to apply basic exemption limit??
4 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 05 July 2021
In case of resident individuals, STCG & LTCG too can be adjusted against basic exemption limit.
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 05 July 2021
Yes...how it can be adjusted...please give me example for more clarification...
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 05 July 2021
See if examples given in the link are helpful:
https://www.relakhs.com/adjust-short-term-capital-gains-against-basic-exemption-limit/
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 05 July 2021
Link can't be opened...but I will open this site with the help of above mentioned link....thank you so much ma'am for your kind help 🙏
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