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INCOME TAX SAVING

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Eswar Reddy S

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 26 June 2022

CA are there for strictly implementing the Income tax act and not whatever you want
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CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 26 June 2022

We also but sometimes depends on fact
1 Like

Eswar Reddy S

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 26 June 2022

Those facts are not written in Income Tax Act

CA CMA Sagar Jaiswal

CA CMA Sagar Jaiswal (Finance professional) (665 Points)
Replied 28 June 2022

If your STCG includes sale of equity shares under 111A then you have to pay tax @ 15%. It doesn't matter whether income is less then Rs. 5,00,000/-

Regards

CA Sagar


Eswar Reddy S

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 28 June 2022

Is it query or you are giving information?

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Sandip Kumar Das

Sandip Kumar Das (206 Points)
Replied 30 June 2022

Long term capital gain from ELSS mandatory to show in itr?
1 Like

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 30 June 2022

Yes you need to declare

1 Like

Sandip Kumar Das

Sandip Kumar Das (206 Points)
Replied 30 June 2022

It will be counted on total income?

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 01 July 2022

Yes but depends on nature of capital gain.
1 Like


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