Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent Sixty-five year old Prabha Mishra, who has never earned any income in life, was......
People speak for cleartax
Q. I AM A SALARY HOLDER.IN 2006-2007 I HAVE GAINED PROFIT Rs 80000 FROM SHARE MARKET and my expence are STT(2000)+SERVICE TAX(900)+ INTERNET CHARGE(7500)+D.P CHARGE(2000)+28.000 ( COMPUTER PURCHED)=(Rs 38.400). SIR, PLEASE GIVE ME ADVICE TO PAY INCOME TAX IN THIS YEAR. THANKING YOU YOURS NAGARAJA : A. How much taxable income is not clear.Taxable income from short term capital gains is 10%. more