Dear All,
i m very weak at taxation part. I hav following queries
1) Is short term capital gain from equity/ equity MF clubbed with income or it is fixed @15 ?
2) A Person who does not fall under Tax Slab ( consider 50 k per anum ) if he earns short term capital gain ( Equity) Rs 10000 , is there any Tax liability ?
Should he pay Tax 1500 (@15) ?
or there is no tax liability as the income is still less than 1.8 lac.
3) Infra Bond with cumulative option sold after lock in period (5 yrs) in secondary mkt , what r d taxes applicable. is it the only LTCG @ 10% or @20 with indexation.
if the bond holder is payin tax on accrued interest yearly and then sell it in secondary mkt , can he claim his taxes paid.
4) Can anybody send me link to good Article on Taxation