Easy Office
LCI Learning

Interest u/s 234b & 234c - from capital gain

This query is : Resolved 

15 July 2014 Kindly clarify the following;
A person (Individual) who is aged about 62 years and having Capital Gain on Sale of Shares. The transaction starts on Dec'13 and ends on Mar'14. He paid as Advance tax on Dec'13 and Feb'14 & total tax liability fully paid before Mar'14. Is any interest is applicable for this transaction?

Thanks in advance

16 July 2014 as per my view , intt u/s 234 b and c will not be levied, as there is no outstanding tax as on 31st march



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




Answer Query