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int.u/s 234B & c

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Querist : Anonymous (Querist)
25 July 2010 short tern cap gain on sale of equity shares is 89000. p.y. loss 11600. on estimated basis depoisted advance tax 8000+ed. cess on 15th march. now tax liab.(89000-11600)*15%= 11610 - 8000 =3610 excluding ed. cess .int u/s 234B & C shall be paid or not. because ad. tax is less than 90% of tax liab. person indiv., not senior citi. and salaried income from which basic exem. and ded u/s 80C has been availed.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 July 2010 Section 234B and C will apply.
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