Interest U/s. 234C
This query is : Resolved
Murtuza Contractor
(Querist)
25 March 2009
How interest u/s. 234C is calculated incase of short term capital gain arised on sale of depreciable fixed assets as per the block method u/s.50 ?
25 March 2009
if any income arise after due date of installment because of Capital Gain or Casual Income, then interest u/s 324C will be ignored, and entire amount of tax payable on such income has to be paid on next installment.
In your case you have STCG
Then no 234C if you pay tax on STCG on next due installment, other interest will be applicable on outstanding amount.
In your case you have STCG
Then no 234C if you pay tax on STCG on next due installment, other interest will be applicable on outstanding amount.
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