My mother age of 64 having income through these gains only.(especially -Short Term through Mutual Funds / Stock Market). What will be the tax liability ?? Should she exampted from Short term gain tax rate @10% ???
RE:Long term & Short Term Capital Gains
by ritesh motwani on Jul 17, 2008 12:51 PM Permalink
she won't be exempted from short term gain . However the basic. exemption limit in her case is Rs.145000 mail your other Queries on motwaniritesh@rediffmail.com
