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Share income for huf

Tax queries 140 views 1 replies

Hi.

A HUF has income only from trading of shares.

Both inter-day and intra-day.

Now the total profit from these transactions is 2,12,000/-

Out of which STCG is 144200, and from Same-DAy trading is 67800.

Please advice if the entire amount is exempt as it is below 2.5 lacs or does it have to pay 15% tax on 67800 for speculative income?

 

Thanks

Replies (1)

Total amount, being below exempted limit, no-tax liability.


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