Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Short term capital gains

(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!


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :