@ Vishwas - Agree with Vishwas... Btw how r u dude?? :)
Tax on short term capital gains
Page no : 2
Sanat kumar
(Chartered Accountant)
(265 Points)
Replied 02 August 2011
A resident individual can claim STCG from the minimum exemption slab. So the balance 25600 will be taxable only .. @ 10% or 15%.
Chiranjibi Subudhi
(Senior Executive Finance in WIPRO)
(27 Points)
Replied 25 January 2012
If the STCG u/s111A is 750000 and income from other source is 25000, that is (25000) getting reduced to nil because of deduction ou/s 80 C, so shall we deduct Basic exemption from that STCG while calculating TAX on STCG or not, HELP ????????
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