A retired individual with ₹5 lakh short-term capital gains and ₹2 lakh interest income will face a 20% tax on ₹2.5 lakh after deductions. Section 80C benefits are exclusive to normal income, with no tax reduction strategies applicableIncome tax: Can I claim a deduction under Section 80C against capital gains from listed shares?
livemint.com - 11 Jan 2025 04:58A retired individual with ₹5 lakh short-term capital gains and ₹2 lakh interest income will face a 20% tax on ₹2.5 lakh after deductions. Section 80C benefits are exclusive to normal income, with no tax reduction strategies applicableShare this Article
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