Easy Office
LCI Learning

Advance tax query

This query is : Open 
Profile Image

Profile Image

(Querist)
27 July 2017 I have total capital gain income (received quarterly) of Rs 5244400.I have paid advance tax of Rs 640000 on 14th March 17.How to calculate amount of interest to be paid u/s 234C? (Total tax amount=Rs 810662)
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
27 July 2017 Interest under 234c is calculated as 1% × ( 810662-640000) × (no of months from date of capital gains transaction upto March 2017)

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


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links