Dear Experts, My client sold his HP on 20/03/2012 on which he received capital gain which is taxable in A Y - 2012-13. He is an individual person getting salary and paid tax fully by the way of tds for his salary income. Is he liable to pay interest U/s 234B and C? Because he sold on the end of the year and received the income as capital gain if he sold in the beginning or the middle of the F Y we shall pay interest. What is the tax Treatment to this case? Kindly put light on it. Thanks in advance.
CAclubindia
