Poonawalla fincorp
Poonawalla fincorp

Long Term Capital Gain

This query is : Resolved 
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(Querist)
24 June 2009 Dear Sir,

I sold some equety share on 14-10-2008 through buy back and earn Long Term Capital Gain Rs. 222584 (STT not paid). My question is this should i liable to pay the interest u/s 234 B and 234 C ? it is mentionable that we can not estimate this income.

Please Clarify at earliast.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 June 2009 If advance tax has been paid in december 08 and march 09 interest would have been avoided. Otherwise interest is mandatory.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 June 2009 agree with the expert
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