banner_ad

LTCG AND STCG demand notice

298 views 2 replies
My client received demand notice from IT dept .
He has income from bank interest and redemption of mutual funds both STCG and LTCG.
he claimed rebate u/s 87 A. his income is below 7 lakhs.
but dept allowed rebate only on regular income and charge seperately LTCG and STCG income
my query is pay the demand or not
Replies (2)

Yes. you need to pay the differential tax as rebate to specified income/s is not eligible under NEW tax regime.

Ltcg and stcg own rate


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details