income from tbill & gsec are taxed in short term capital gain or regular slabs?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 03 July 2024
neha
(Others)
(420 Points)
Replied 05 July 2024
so if a person has invested in tbills since it stcg its at 15% tax right? and we use itr 2?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 05 July 2024
15% slab is u/s. 111A is for equity based units.
Not for such ST cap gain. Here it is taxed as per slab rate.
Yes, ITR 2 can be used for its declaration.
neha
(Others)
(420 Points)
Replied 05 July 2024
if i have no gains from shares but income from tbills , i can use itr 1 then and show the income from t bills as income from other sources?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 06 July 2024
Yes, possible if the amount is not very big.
neha
(Others)
(420 Points)
Replied 07 July 2024
if i use it2 then where m i supposed to declare this income ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 07 July 2024
Short term CG u/s. 111 IT act, in Schedule CG.
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