Comment on Taxation Simplified
commented on
17 Oct 2013, 08:54 AM
please clear the doubts.
case 1: a 30 year old man with annual work income of 4 lakh(gross) and net pay of 3.8 lakhs.
net profit from sale of shares within 1 year is (say) 20 lakhs.
case 2: a 30 year old man with annual work income of 4 lakh(gross) and net pay of 3.8 lakhs.
net profit from sale of shares greater than 1 year is (say) 20 lakhs.
case 3: a 81 year old man with no annual work income.
net profit from sale of shares within 1 year is (say) 20 lakhs.
please tell the tax to be paid in all the cases and how u calculate it…..thanks