Do I need to pay STCG and LTCG tax if my returns are less than 2.5 lakhs? – #3 by Jack_R – General – Trading Q&A by Zerodha

If you do not have any income other than mentioned below and you are a resident Indian citizen, then there is no need to pay taxes.

two things you get

  1. LTCG gets 1 Lack exemption.
  2. You can adjust the winnings against the base exemption limit of 2.5 shortfalls. In your case where the total is 2 lacks no need to pay taxes.

The above is for Resident Indians only and not for NRIs.

Disclaimer: This is what I understand, please do your own research and answer your call.

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