Easy Office
LCI Learning

Advance tax on long term capital gain

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2014 Dear Sir,

MY INCOME FROM LONG TERM AND SHORT TERM CAPITAL GAIN IS 5114400 RS. AFTER DEDUCTINF MY TDS CREDIT

THIS TRANSACTION OCCURRED IN FEB,2014

WHEN I FILED RETURN FOR A.Y.2014-15 INTEREST U/S
234B & 234C(1,2,3, INSTALLMENT ) ATTRACTED,

I HAVE NOT PAY ANY ADVANCE TAX.

MY QUESTION IS WHY I SHOULD PAID INTEREST U/S 234C OF ALL INSTALLMENT BECAUSE I DONT KNOW AT THE TIME OF SEPT. AND DEC MONTH THAT CAPITAL GAIN WILL RECEIVED IN FEB,2014

SO WHY SHOULD I PAID 1 AND 2 INSTALLMENT SHORTFALL U/S 234C,

PLEASE GUIDE ME INTEREST U/S 234C ON CAPITAL GAIN
Profile Image

CA Mohit Bansal

Profile Image

CA Mohit Bansal (Expert)
21 June 2014 No interest payable u/s234 C on LTCG for the period prior to occurrence of gain.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
21 June 2014 no intt for 234C if you pay tax in march installment now you pay intt.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links