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.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- NRI INSURANCE ADVISOR
- Traces submitting correction statement error
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
