I am a student with no source of income. and i have made short term capital gain of 1.5k in a year so will i have to pay tax on this amount of 1.5k or is it non taxable since the amount is very small??
Hey @Rahul4
Considering there is no income, the taxability will be Nil. Also as your total income including STCG is less than INR 2,50,000 i.e, Basic Exemption Limit, there will be no tax liability.
Hope this helps! 
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it means that till 2.5l i don’t need to pay any taxes?
Hey @Rahul4
Yes, if your gross total income for a year is less than INR 2,50,000 then you don’t need to file ITR. However, if you wish to claim a refund of TDS deducted on your income or if you wish to claim losses from the business then you should file ITR.
Hope this helps!
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thnx @Quicko clearing my doubt. because lately i was very concerned about this tax issue because i read that on short term capital gain you have to pay tax at 15% and i wasn’t aware with the basic exemption limit. but now i am relieved. thnx a lotttttt.
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