Interest u/s 234b if amt of capital gain account scheme not utilized
Rajeev Yadav (53 Points)
07 August 2023But from when interest u/s 234b will be applicable ??
from 2020 or from 2023 ??
assessee is liable to pay advance tax
Rajeev Yadav (53 Points)
07 August 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 07 August 2023
From the date of completion of THREE years of the original property sold. (i.e. 2023)
Rajeev Yadav
(53 Points)
Replied 07 August 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 08 August 2023
You pay the capital gain liability with the interest calculated after 3 years from the date of sale of original asset,and apply for closure of CGAS 1988 account on prescribed form to your Jurisdictional ITO; he will accept it.