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Deduction from gross total income
Direct Taxation
Why short term capital gain of rupee 80000 is not deducted from gross total income while calculating adjusted gross total income
Answers (4)
Sudha Reddy
Only Short- term capital gains taxable @15 per cent under section 111A are deducted i.e. STCG related to equity share in a company or a unit of an equity oriented fund or a unit of a business trust
No. You are telling conversely. Items taxable as STCG @concession rate of 15% are not eligible for chapter vI-A deduction know
Sudha Reddy
Only Short- term capital gains taxable @15 per cent under section 111A are deducted i.e. STCG related to equity share in a company or a unit of an equity oriented fund or a unit of a business trust
Mam ,In the same question whether rebate limit of 5 lakh should be verified on total income including long term capital gain or short term capital gain under section 111a (or)after excluding long term capital gain or short term capital gain under section 111 a from total income
sathish n
No. You are telling conversely. Items taxable as STCG @concession rate of 15% are not eligible for chapter vI-A deduction know
That was meant for computing adjusted gross total income - STCG @15% is reduced , no other
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