Applicability of section 234c
This query is : Resolved
04 July 2013
Mr.X has received huge amount on sale of an immovable parental asset on 22.03.2013, in this transaction he has earned Capital Gains in terms of several crores. The tax liability arising from such gains was deposited to Govt A/C before 31.03.2013.
Though the total tax liability of Mr.X was deposited before 31.03.2013 but the amount of tax deposited till 15th March was not sufficient due to the capital gain which arise on 22.03.2013
In this situation I want to know whether interest u/s 234c will be applicable or not.
Though the total tax liability of Mr.X was deposited before 31.03.2013 but the amount of tax deposited till 15th March was not sufficient due to the capital gain which arise on 22.03.2013
In this situation I want to know whether interest u/s 234c will be applicable or not.
04 July 2013
Since you have sold the property on 22.03.2013 and paid on 31.03.2013 you are not liable to pay interest u/s 234C
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
- Required to submit form 10IEA_fy 24-25
- Money lost in stock market related scam
- Error whilst validation
- Reminder of Dues under the WBGST Act 17
- 80ccd(2) deduction
- ERRROR IN ITR2 FILING
- ITR3
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- Rebate u/sec. 87A manually
- Hash value error indicated whilst validating itr 2 online
- Regarding Hackathon Prize W-8BEN Form Tax Treaty Benefit & 115BB/115BBJ
- Excess Interest paid on TDS challan- Can it adjusted against tax payable
- RECEIPT NUMBER OF EARLIER STATEMENT FILED FOR FORM 26Q- PREVIOUS TDS RETURN FILED FOR F.Y.2017-18_Q4
- Regarding ITC show in Electronic Credit Reversal and Re-claimed Statement.
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
- RCM gst liability and return query
- HSN details in Table 12 for gstr1
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
