234 C
This query is : Resolved
18 August 2010
How to calculate 234c when there is short term capital gain on share long term capital on sale of property for an individual sale occured in 3rd quarter of advance tax slab
18 August 2010
234cinterest will be calculated for capital gain in the said quarter in which the gain occured.
18 August 2010
*Payment of Advance Tax in case of Capital Gains/ casual Income:
In such cases it is not possible for the assessee to estimate his income in advance for payment of advance tax. Therefore it is provided that if any income arises in such cases after the due date of any installment, then advance tax on said income should be paid on / before the due date of next immediate installment or in case of no installment being due by the end of the Previous year, i.e., 31st March.
Hence interest u/s 234C will be calculated from the quarter in which income was earned.
In such cases it is not possible for the assessee to estimate his income in advance for payment of advance tax. Therefore it is provided that if any income arises in such cases after the due date of any installment, then advance tax on said income should be paid on / before the due date of next immediate installment or in case of no installment being due by the end of the Previous year, i.e., 31st March.
Hence interest u/s 234C will be calculated from the quarter in which income was earned.
18 August 2010
AGREED WITH EXPERTS.
IN CASE OF CAPTIAL GAIN / CASUAL INCOME LIKE LOTTERY INCOME , INTERST U/S 234C WILL BE CACULATED FORM THE QUARTER IN WHICH SUCH INCOME EARNED BY ASSESSEE.
IN CASE OF CAPTIAL GAIN / CASUAL INCOME LIKE LOTTERY INCOME , INTERST U/S 234C WILL BE CACULATED FORM THE QUARTER IN WHICH SUCH INCOME EARNED BY ASSESSEE.
18 August 2010
For short Term Capital gain On Share Whether we have To see Quarter Or not Or to Be treated as Normal Income N calculate 234 C
18 August 2010
As you can see from above reply. Even for STCG quarter will be considered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
