banner_ad

Interest on Income Tax -234B & 234C.

This query is : Resolved 

10 October 2023 Dear Sir,

There is a sudden capital gain income of Rs 2 crore in the company's account in the financial year 2023-24. Now we want to pay income tax on capital gains income. Earlier we have paid advance tax of Rs 50K in Q1 and Rs 100K in Q2. How to avoid interest under Section 234B and 234C. Are there any provisions to avoid interest in sections 234B and 234C?.

Please suggest your valuable advice in this regard.

Thanks & Regards
NK

11 October 2023 No... It's not possible to avoid such interest.
Better to pay as earlier as possible.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details