Interest under section 234

ITR Filing 621 views 1 replies

LTCG  @ 20%  Rs. 1526807.40  Return filed on 14/07/2012

If one has to pay LTCG of Rs.1526807.40

What wiil be Interest u/s 234B   @         from        to          

What will be Interest u/s 234C  @       from         to

The amoint given is LTCG

The property was sold on 16/5/2011.  Against this property two properties acquired on 25/5/2011 and12/5/20110   Assuming that only one property is elegible i.e. bought on 25/5/2011, the tax amount is worked out to be paid in a day or two.  My question is how much wii be the interest u/s 234 B & C payable. Refund of 18217 is due on other savings, house income bank interest will I get to reduce the tax liability.

Replies (1)

What is the date of arising Long term capital gain?

and the given amount is LTCG or Tax on LTCG?


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