If enough tax has been deducted on my Salary, then can i adjust this tds for paying off my stcg tax liability ?.
or do i need to pay 15% on stcg over n above my normal income tax liability ?
pls reply
Yes you can set off the STCG liability with the extra tds deducted by your employer. If after adjusting the TDS, the tax liability fall short then you have to pay the same along with interest u/s 234B/C.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
