Interet u/s 234A,B and C
This query is : Resolved
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
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
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.
BECAUSE EDUCATION CESS IS CALCULATED ON TAX AMOUNT.
AND INTEREST U/S 234 A, B or C WILL ALSO BE APPLICABLE FOR ABOVE CASE.
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