If a person has net income of Rs.160000/- from all sources and STCG u/s 111A of rs.5000/-, is he liable to pay tax? can he utilise the unexhausted basic exemption towards STCG u/s 111A?
3 Replies
Brahma nanda Agrawal
(KOLKATA)
(331 Points)
Replied 04 July 2018
Yes, He can utilise basic exemption limit
There will be tax liability
There will be tax liability
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 04 July 2018
Agree with Dhiraj Sir, No tax liability
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