One of my client has only income from short term capital gain amounting to Rs. 240,000 during the financial year. Whether he has any tax liability since income is below limit of Rs. 250000 !
Can any one please reply on the same
3 Replies
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 13 March 2020
No Income tax has to be paid by the client.
vemula anji
(41 Points)
Replied 13 March 2020
Benefit of slab rate is available on STCG on shares in case of resident individual or HUF (ans. as per sec 111A)
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