Suppose I’m not working wherever and don’t have any wage revenue.
I’m investing within the inventory market and have an STCG of 50k and LTCG of 1.5 lakhs
Whole share market funding achieve = 2 lakhs
The revenue tax slab after 2.5 lakhs. My funding achieve is 2 lakhs and it’s lower than 2.5 lakhs.
Do I nonetheless must pay the STCG 15% tax on 50k and LTCG tax of 10% on 50k? (1.5-1 lakhs)
Or I don’t must pay any tax as the quantity is lower than 2.5 lakhs?