LTCG - 2.60 LACS (Sale of equity shares)
STCG - 60000 (sale of equity shares)
age - below 60 years
compute tax liability
they attract tax of 20% nd 10% respectively
irrespective of Bel
3 Replies
Pankti Joshee
(student)
(303 Points)
Replied 09 May 2019
NO.
LTCG TAX ON 1.60 LAKHS..... 15000/-
STCG ON 60000.... @ 15% .... 6000/-
Total 21000 +4% cess
Rajat Patni
(50 Points)
Replied 09 May 2019
i think in case of a resident the LTCG u/s 112 or 112A or STCG U/S 111A shall be reduced by the unexhausted basic exemption limit and the balance shall be subject to tax, my doubt is that after basic exemption limit the balance of income of 70000 will be taxable at which rate?
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
