Interest u/s 234C

254 views 3 replies
If cap. gain arise after 15th march,how intt u/s 234C will be calculated? Please someone reply...
Replies (3)
Non-applicability of interest under section 234C in certain cases:
Interest under section 234C shall not be leviable in respect of any shortfall in payment of
tax due on returned income, where such shortfall is on account of under-estimate or failure
to estimate –
(i) the amount of capital gains;
(ii) income of nature referred to in section 2(24)(ix) i.e., winnings from lotteries,
crossword puzzles etc.;
(iii) income under the head “Profits and gains of business or profession” in cases where
the income accrues or arises under the said head for the first time;
(iv) income of the nature referred to in section 115BBDA i.e., dividend in aggregate
exceeding of ` 10 lakhs received during the previous year.
However, the assessee should have paid the whole of the amount of tax payable in respect
of such income referred to in (i), (ii), (iii) or (iv), as the case may be, had such income been
a part of the total income, as part of the remaining instalments of advance tax which are
due or where no such instalments are due, by 31st March of the financial year.
Please explain with example only for(after 15 march?
Not applicable interest of 234c


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details