Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2013
Last installment date for advance tax for individuals is 15th march.
Suppose i earn from capital Gains on 28th March. Department sent me order for interest U/S 234C.
How can one discharge such advance tax liability after last advance tax installment date?
Suppose i earn from capital Gains on 28th March. Department sent me order for interest U/S 234C.
How can one discharge such advance tax liability after last advance tax installment date?
29 October 2013
Insuch cases recommended to pay tax before 31st march
.
.
if you failed to pay tax with in 31.03.2013
.
.
1)Interest 234B will be levied.
.
.
2)However 234C will not applicable.Logic here is it is not justified for charging interest for the period prior to the date the liability to tax arose.
.
.
if you failed to pay tax with in 31.03.2013
.
.
1)Interest 234B will be levied.
.
.
2)However 234C will not applicable.Logic here is it is not justified for charging interest for the period prior to the date the liability to tax arose.
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
- TDS 194-T applicability
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- New GST registration for new place of business.
- FAST-DS Scheme - Foreign Assets
- Dep. as per companies act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
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
Quick Links
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
