Section 234 C
This query is : Resolved
28 September 2010
if the Company is Having LTCG expemt under section 10(38) and the Company is falling under MAT,then how we will calculate interest u/s234C.
Whether interest would attract on LTCG expemt u/s10(38) since its has to be inculded in MAT
Kindly Reply its very urgenttt
if the Company is Having LTCG expemt under section 10(38) and the Company is falling under MAT,then how we will calculate interest u/s234C.
Whether interest would attract on LTCG expemt u/s10(38) since its has to be inculded in MAT
Kindly Reply its very urgenttt
29 September 2010
No interest will be levied in respect of any shortfall in the payment of advance tax due on the returned income if the shortfall is on the account of underestimate or faliure to estimate the amount of capital gains.
No interest will attract u/s 234 C
No interest will attract u/s 234 C
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