Ltcg on shares not filed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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?
CA PARAS BAFNA
(Expert)
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.
.
.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
