STCG tax from share market

Income Tax
1

Dear sir/madam,

My name- Sourav Mandal
Pan- DJXPM2452K

mera dusra koyi income nehi hey…

Mera (1.4.24—10.3.25) STCG 35000 rupees hey…

1)Kya mujko flat 20% STCG tax 7000 rupees dena hoga kya?

2)agr mujhe tax nehi lagega toh…itr file karna mandatory hey kya?

…Please kindly reply me…

                               Yours faithfully 
                               Sourav Mandal
2

Hello @Sourav_Mandal ,

Technically ITR filing is not mandatory for individuals with income below the basic exemption limit (₹3L for FY 2024-25 under new regime). But in my opinion you should file the ITR since you have sale of equity shares which are reported with your PAN.

Also, you will not have to pay any tax as your total income is less than ₹3L.

3

Hello @Sourav_Mandal

Even though ITR filing is not mandatory as per the provisions of Income tax Act but even then if you will file the ITR, no tax is required to be paid.

Thanks

4

Thank you sir for your guidance :slightly_smiling_face:

1 Like
5

Thank you mam for your guidance :blush::slightly_smiling_face: