Interet u/s 234A,B and C

This query is : Resolved

Mukund Patel (Querist)
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28 August 2010 Hello,

Case : long term capital gain arise on redumption of SIP is Rs. 37000 and tax payable @10% withought indexation.

Query? : 1> Wether any education cess applicable on tax ?

2> Interest U/s 234 A, B or C is applicable, if late filing of return ?

Thanking You,

Mukund

CA Sanat Pyne

CA Sanat Pyne (Expert)
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28 August 2010 YES EDUCATION CESS WILL BE APPLICABLE .
BECAUSE EDUCATION CESS IS CALCULATED ON TAX AMOUNT.

AND INTEREST U/S 234 A, B or C WILL ALSO BE APPLICABLE FOR ABOVE CASE.