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
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
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