u/s 234C advance tax
This query is : Resolved
28 August 2008
I am corporate assesse My capital gain income arises only on Mar5 I failed to pay advance tax whether should i pay 234C for four quarters or only one quarter only?
02 April 2012
In case of capital gain, the whole amount of advance tax shall be deposited by the next due date, in this case, 15th March.
If the assessee fails to do so, then the interest shall be levied only for the third quarter.
If the assessee fails to do so, then the interest shall be levied only for the third quarter.
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