How LTCG and STCG can shifted to the Other inome?
4 Replies
Kiran Kumar V
(C.A. Final)
(181 Points)
Replied 03 March 2009
There is no clarity in your question
please post again
Sayan Kr Mukherjee
(student)
(102 Points)
Replied 03 March 2009
i saw in some problems regarding CG that the LTCG and STCG can b shifted to the other income source 2 reduce the tax burden. May be it is related to the Sec 111A. Bt i did nt undrstn the process n rules.
chetan
(Student)
(322 Points)
Replied 04 March 2009
Sec 111A refers to trading of shares on which STT is attracted. Profit from trading of shares that are covered uS 111A attracts 10% tax (now 15%) and are tax free if they are long term shares
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