30 July 2013
i offered income under head capital gain as follows long term capital gain:up to 15/9, Rs, 387259,during 16/9 to 15/12, Rs,542657. 16/12 to 15/3 .Rs,(31379) Short term Capital gain: up to 15/9.Rs,(84906). during 16/9 to 15/12.Rs,86244. during 16/12 to 15/3.Rs.433231, during 16/3 to 31/3 . Rs,(11754) (bracket means loss) I entered the details in itr and press calculate tax it calculated an interest of 949 u/s 234c . but i coudn't understand how it happened, can any one help me by showing the calculation of 234c with above details..
31 July 2013
You have not supplied the tax paid details even then as in the first quarter there is a loss no interest. In the 2nd quarter there is Rs. 1338 and accordingly no 234C. In the 3rd quarter there is profit of 433231 on which tax is 15% and for this you have to take 60% less tax paid and interest @3% after deduction of tax paid by you and in the final quarter on 100% income for 1 month @ 1% to be charged
CAclubindia
