cap gain tax is 15%. but what if the total income is below 1.5 lakh and if the income is between 1.5 lakh to 3 lakh. bcoz, below 1.5 lakh, tax is nil n above that its 10% whereas cg is 15%. how to work out?
RE:query on short term cg tax
by yajuvender chauhan on Mar 01, 2008 12:53 AM Permalink
CG will be taxed @ 15% the moment your gross total income goes over 1.5 lakhs...if your GTI is less than 1.5 lakh & you have stcg no tax will be charged..
