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Shree
I invest in shares and also have a part time job. My salary is well below taxable limits.?
a) Will I be liable to pay income tax on my short term gains in shares even if my total income remains below taxable limits.
b) must I file IT returns.
I think since it is a matter of your hard earned money and it is something which should only be answered by some expert like mansukh or religare because they can help you out with the suggestion or advice that will help you out in ensuring better returns on your investments
sunil
Answer for both a) & b) is No. However few people prefer to file nil IT return. In some cases TDS is deducted but income remain below limit - income tax refund may be claimed.