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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
