LTCG and Basic examption of ₹250000

[subhra]

Lets assume, I have 1.5lakh profit in equity or linked instruments. All are covered in LTCG 1lakh examption, if I liquidate the money will I get the basic examption of 250000/- or I have to pay the tax for rest 50000 @10%?

 

[Gigachad]

Lets assume, I have 1.5lakh profit in equity or linked instruments. All are covered in LTCG 1lakh examption, if I liquidate the money will I get the basic examption of 250000/- or I have to pay the tax for rest 50000 @10%?

You don't have any other income?

 

[Naveenkumar]

As I'm a student which is the best dmat account for small investment from my pocket money,

 

[Gigachad]

As I'm a student which is the best dmat account for small investment from my pocket money,

Good to see young ppl interested in stock market. I recommend groww for you.. it easy to understand.. have a good ui.

 

[subhra]

You don't have any other income?

Assuming the circumstances exactly not a penny In my own bank accounts. Beside interst income which is negligible.

 

[Gigachad]

Exactly not a penny In my own bank account

If you don't have any other income.. you can claim 2.5L as basic income.. no taxing on that.

 

[subhra]

Thanks for the information