29 August 2013
i have got IT notice for not filing returns of 2009-10 where my share transactions exceed 20000. now when i calculate i get a STCG on shares of Rs.2000. i have no other income in that year except salary income. will 234A be applicable?
29 August 2013
In case of LTCG there is no capital gain, but in case of STCG tax of Rs 300/- is payable. Interest is applicable only when you are liable to pay tax on your total income including the STCG amount. .