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Ltcg on shares not filed

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Querist : Anonymous

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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?
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CA PARAS BAFNA

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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.
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