Interest under 234 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2014
Assessee has incurred an LTCG of 16lacs as on 20/12/13 but advance tax paid on 14/03/14 will it attract 234 c if yes how much?
19 June 2014
No it will not attract any interest u/s 234C since the advance tax liability paid before 15th March. You are liable to pay advance tax for Capital Gain only after the income has arisen.
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19 June 2014
YOU HAVE TO PAYE ADVANCE TAX INSTALLMENT TILL 15.3.2014.
YOU ALREADY PAY TAX ON DT. 14.3.2014.
SO FOR LTCG TAX INTT U./S 234C NOT APPLICABLE
YOU ALREADY PAY TAX ON DT. 14.3.2014.
SO FOR LTCG TAX INTT U./S 234C NOT APPLICABLE
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