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Should I club profit from shares with my salary and other income for tax?

Vivek

Vivek Lala  |288 Answers  |Ask -

Tax, MF Expert - Answered on Sep 30, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
mustafa Question by mustafa on Jul 29, 2024Hindi
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dear sir, is profit from shares is clubbed with my other income such as salary and other source of income or taxed differntly eg if i have profit of 5 lacs from shares , so have to pay ltcg on 5 lacs. and i also have salary income and frm other sources say eg 10 lacs. so my 10 lac will be clubbed with my 5 lac of shares profit or waht?

Ans: It is taxed differently
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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