Ad free CAclubindia and daily updates on your mobile. Subscribe Now!

Stcg u/s111a

Aman Mittal (hi) (20 Points)

23 June 2020

is there any tax planning for stcg u/s111a?

Reply
Follow
Share

3 Replies

David (article Assistant) (1639 Points)
Replied 23 June 2020

You can take the benefit of basic exemption limit. Profit after basic exemption limit only be taxable if there is no other income. Chapter VI A deductions are not available.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Aman Mittal (hi) (20 Points)
Replied 23 June 2020

No but that is available for the other income....still we have to pay the tax @ 15% on stcg

RAJAT SHARMA (AUDIT ASSISTANT) (179 Points)
Replied 23 June 2020

Stragiht forward taxed @ 15%.

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

GST Live Certification Course (40th Batch)(With Certificate)

Industry Expert

Enroll Now

17 November 2024
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India

Mr.Balamurugan Ranganathan

Enroll Now

08 November 2024
Certification Course on Chat GPT and AI Tools for Professionals

CA Deepak Gupta

Enroll Now

05 November 2024

Stcg u/s111a

3 Replies

Online classes for CA CS CMA. Professional courses for GST, Tally, Others & Books

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Trending Online Classes

Subscribe to the latest topics :

Search Forum: