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Q.

If my annual income already places me in the 30% tax slab and i earn Rs 10,000 as profit from short term capital gain, will i have to pay the 10% tax on STCG as well as 30% as income tax?

23 Aug '09 01:42 pm
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Answers (2)

1.

Short term gain is 15% + cess and not 10 %. Check it out.
Answered by RANJAN KARNAD, 24 Aug '09 08:06 am

 
  
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2.

Only 10% capital gain
Answered by G Maheshwari, 23 Aug '09 01:45 pm

 
  
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