Regarding advance tax on capital gain


This query is : Resolved 

Quick Summary
This discussion clarifies whether interest is due under sections 234A, B, and C for late advance tax payments on capital gains. It confirms that no interest is payable if the full tax liability is settled before the financial year concludes. Additionally, it queries the applicability of Section 54EC or 54F exemptions for capital gains tax when the sale occurs after July 23, 2024, specifically concerning the 12.5% tax rate.

28 February 2025 Is any interest payable under section 234A,B,C on late payment of advance tax on capital gain?

28 February 2025 not if the entire tax liability is paid off before the end of the financial year.

28 February 2025 54EC or 54F exemption is applicable in case of payment of 12.5% tax rate? (sale after 23 july,2024)


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