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Q.

I just want to know about short term capital gain tax. if my income is rs.3 lakhs per annum and i earned rs.4 lakhs from commodities market so i have to give separate 15% tax on the basis of rs.4 lakhs or 4+3= rs. 7 laks income * which have tax.

Tags: lakhs, money, relationships
Asked by dibya sahoo, 05 Jan '10 12:48 pm
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Answers (1)

1.

No dear
If your short term capital gain make excess of basic exemption,than there is relif.
First tell me whether Rs 4 lacs include STCG . if it inculude than income tax will be
Rs (400000-150000)=250000, tax= 250000*15%=37500+education cess 3%=38625

with regards
A.R.Patra
amiyaranjan2007@gmail.com
9551006282
Answered by AMIYA RANJAN PATRA, 11 Jan '10 07:26 pm

 
  
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