Hello,
Short term capital gain made by sale of shares in January. Advance tax paid in Feb. Got a notice from IT dept for payment of penalty u/s 234C. My understanding is that I need not pay penalty u/s 234c since it is STCG from sale of shares ( it was not anticipated) and advance tax is paid before March 15th. Please give your suggestions.
Thanks in advance
Yes you are right.
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