Rakesh Kumar (B.Com ( H ) Pursuing CA Final ) (327 Points)
15 July 2009is this sections applicable for short term capital gains..because tax liability under the head salary and its respective tds is same....is this sections applicable for the income from short term capital gain from shares...
Rakesh Kumar
(B.Com ( H ) Pursuing CA Final )
(327 Points)
Replied 15 July 2009
| Originally posted by :B.S. Rakesh Kumar | ||
| " | is this sections applicable for short term capital gains..because tax liability under the head salary and its respective tds is same....is this sections applicable for the income from short term capital gain from shares... | " |
CA Vinay Saraf
(CA)
(148 Points)
Replied 15 July 2009
yes it isb applicable u have to assess the income at every due date of payment of a advance tax and deposit the respective tax laibility before the due date but there is relaxation in case of capital gain tax and casual income the assesse should pay the whole amt of the tax payable thereon as a part of he remaining installments of advance taxc
praveen
(Chartered Accountant)
(6971 Points)
Replied 15 July 2009
i dont think so STCG and LTCG are not covered under 234B & C
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