Please guide me how tax is calculated in following case for AY 10-11
Income from Pension - 190000/-
Income form LTCG 18000/-
Income form STCG 15000/-
Less exps. 12000/- 31000/-
Income from Int. 90000/-
Ded under 80C is 1lac
Tanu (Accountant) (767 Points)
16 December 2010
Please guide me how tax is calculated in following case for AY 10-11
Income from Pension - 190000/-
Income form LTCG 18000/-
Income form STCG 15000/-
Less exps. 12000/- 31000/-
Income from Int. 90000/-
Ded under 80C is 1lac
M .K. Jha
(CA Final)
(484 Points)
Replied 16 December 2010
You Must to clear the nature of exp
And also clear the LTCG / STCG income from share or any other LTCG
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India