Advance tax on long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2014
Dear Sir,
MY INCOME FROM LONG TERM AND SHORT TERM CAPITAL GAIN IS 5114400 RS. AFTER DEDUCTINF MY TDS CREDIT
THIS TRANSACTION OCCURRED IN FEB,2014
WHEN I FILED RETURN FOR A.Y.2014-15 INTEREST U/S
234B & 234C(1,2,3, INSTALLMENT ) ATTRACTED,
I HAVE NOT PAY ANY ADVANCE TAX.
MY QUESTION IS WHY I SHOULD PAID INTEREST U/S 234C OF ALL INSTALLMENT BECAUSE I DONT KNOW AT THE TIME OF SEPT. AND DEC MONTH THAT CAPITAL GAIN WILL RECEIVED IN FEB,2014
SO WHY SHOULD I PAID 1 AND 2 INSTALLMENT SHORTFALL U/S 234C,
PLEASE GUIDE ME INTEREST U/S 234C ON CAPITAL GAIN
MY INCOME FROM LONG TERM AND SHORT TERM CAPITAL GAIN IS 5114400 RS. AFTER DEDUCTINF MY TDS CREDIT
THIS TRANSACTION OCCURRED IN FEB,2014
WHEN I FILED RETURN FOR A.Y.2014-15 INTEREST U/S
234B & 234C(1,2,3, INSTALLMENT ) ATTRACTED,
I HAVE NOT PAY ANY ADVANCE TAX.
MY QUESTION IS WHY I SHOULD PAID INTEREST U/S 234C OF ALL INSTALLMENT BECAUSE I DONT KNOW AT THE TIME OF SEPT. AND DEC MONTH THAT CAPITAL GAIN WILL RECEIVED IN FEB,2014
SO WHY SHOULD I PAID 1 AND 2 INSTALLMENT SHORTFALL U/S 234C,
PLEASE GUIDE ME INTEREST U/S 234C ON CAPITAL GAIN
21 June 2014
No interest payable u/s234 C on LTCG for the period prior to occurrence of gain.
21 June 2014
no intt for 234C if you pay tax in march installment now you pay intt.
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