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
Menu
LTCG AND STCG demand notice
Replies (2)
Quick Summary
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
Recent Topics :
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
Related Topics :
CAclubindia
