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int.u/s 234B & c

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2010 dear sir, pls solve my problem and give me clearly answer. i m taxpayer.


tax liab. 11610
advance tax 8000
self asses. tax 3610
sec. 234 B & C shall apply. tax liab.of 11610 arise on sale of equity shares (STCG) u/s 111A. sec. 234B & C is applicable on bussiness income only or cap gain arise u/s 111A.

ded. u/s 80C and basic exem. hasbeen availed.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 July 2010 Section 80C deduction cannot be claimed, {ref section 111A(2)} , on short term capital gain assessable under section 111A.

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