Interest u/s 234c

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This query is : Resolved

Ashif.ck (Querist)

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..

Chinay Solanki

Chinay Solanki (Expert)

30 July 2013 Have u paid any advance tax during the period? If yes then kindly give the details.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

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

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