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Advance Tax on sale of Land
An assesse has sold a vacant land of Rs.70 lakhs on 15.09.2022 (Q2) and paid total advance tax on sale of land on 16.09.2022(Q3). In this case he had paid Advance tax on sale of land after 1 day which is next quarter, so while computing his income should he have to pay interest u/s 234C or is there any exemption on LTCG of Land sold.
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