Short term capital gains
Ramaprasad
(Querist) 04 March 2015
This query is : Resolved
I have short term capital gains of Rs 7 lakhs and FD interest income of Rs 1 lakh in the current financial year, and no other income. Can I avail the full exemption or should I pay tax on the entire capital gain?
R.K Nanda
(Expert) 04 March 2015
consult tax lawyer.
Rajendra K Goyal
(Expert) 04 March 2015
Consult your tax adviser and show him all the documents.
Anirudh
(Expert) 04 March 2015
You can avail your full available exemptions. Thereafter on the balance, you have to pay tax at 30%.
Ramaprasad
(Querist) 04 March 2015
Thanks very much to all!