if a person has STCG only as an income during the year...
in that case will 80C benefit of 1.5 lakh will be available for him....?
Yes 80C deductions are available against STCG but not against LTCG
5 Replies
Samantha J
(1236 Points)
Replied 14 August 2021
STCG is on capital asset gains which includes shares.Chapter VI deduction can be deducted from such income to arrive at taxable income.
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