I want to confirm that whether short term capital gain is taxable under slab or under special tax rate
Afzal Momin (CA FINAL) (177 Points)
18 May 2011I want to confirm that whether short term capital gain is taxable under slab or under special tax rate
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 18 May 2011
ull get d benefit of slab rate as mentined in rel finance act & thn special rate will be applied.
Arvind Sharma
(ACA)
(1432 Points)
Replied 18 May 2011
Slab benifit is available for STCG after other income.. for example, if u hav STCG of Rs. 50000 and other income of Rs. 200000 then slab benefit will not be available for that STCG. but if other income is only Rs. 120000, then Rs. 120000 (OI) and Rs. 40000 (STCG) will not be taxed and Rs. 10000 will liable to tax only...
That means STCG & LTCG are given 2nd Priority wrt slab benefit... I hope you have got the concept..
Find attached file...
M. N. JHA
(CA)
(8316 Points)
Replied 19 May 2011
M. N. JHA
(CA)
(8316 Points)
Replied 19 May 2011
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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