Advance tax on income after 15 march

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Mohan (Querist)
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27 March 2013 1. What is the last date of payment of advance tax (self-assessment tax) on income between 15th March 2013 till 31st March 2013?
2. E.g. I sell a house on 27th March then what is the last day of payment of AT.
3. What are the consequences of paying the same in the next financial year i.e. after 1 April 2013.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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27 March 2013 Pay tax on such capital gain immedieately may be before 31-3-2013. If you paid it after 31-3-2013 then Interest u/s 234B will applicable. However 234C interest not applicable for the portion of capital gain because of you earned capital gain after completion of due dates for advance tax but before completion of financial year i.e between 15th March and 31st March.

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