234c

This query is : Resolved

paras kotak (Querist)
Follow

31 January 2015 I received Short Term capital gain Taxable @15% of Rs 1 Crore in month of march.Please advice me whether I am liable to pay interest u/s 234?please guide me in detail

Rupesh Jain

Rupesh Jain (Expert)
Follow

31 January 2015 you have to pay the advance upto 15.3.20...

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

31 January 2015 Note that no interest is payable if there is any shortfall in payment of advance tax due-

·If it is on account of underestimation or failure to estimate amount of capital gains or speculative income (lottery income, gambling income etc) AND

·The taxpayer has paid in full - tax payable on the income mentioned above, while paying remaining installments of advance tax due, or if no installment is due, tax payer pays them before the end of the financial year

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

BALU RAJADURAI

T.N.Reddy

Shubham Jain

Narendra

Mahasweta Deb

Subscribe Now

234c

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

GST CONSULTANT

CA Final