If there is capital gain then section 234C doesn't apply.
But my doubt is that if with capital gain we have other head's income as well which are salary and interest income then also 234C or 234B should not apply on portion of tax calculated on capital gain.
But as i am calculating Income tax then 234C section's interest is being calculating on whole income doesn't matter capital gain or other head's.
So why????? please resolve asap.
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Section 234C
Replies (2)
capital gain you have to consider for the purpose of advance tax installment falling due immediately after it's happening. This is auto calculated in return depending upon quarter in which capital gain is shown in Quarter wise ITR schedule
Thanks A lot Sir
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