Shaman (CA) (27 Points)
07 November 2007HI,
can any one tell me exactly how to calculate Interest U/S 234C for capital gains for a Individual.
To compute the liablity of advance tax up to 15-09 100% capital gain tax to be taken or 30%
Aslo in case of capital gain tax if total capital gain tax is submitted as advance tax till 31st March than is interest applicable or not??
Kindly reply soon with details section & reference of example if any.
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 07 November 2007
Shaman
(CA)
(27 Points)
Replied 27 November 2007
AMIT KUMAR CHAUDHARY
(CA)
(159 Points)
Replied 28 November 2007
ravi adabala
(advocate)
(29 Points)
Replied 25 November 2008
| Originally posted by :Shaman | ||
| " | HI, can any one tell me exactly how to calculate Interest U/S 234C for capital gains for a Individual. To compute the liablity of advance tax up to 15-09 100% capital gain tax to be taken or 30% Aslo in case of capital gain tax if total capital gain tax is submitted as advance tax till 31st March than is interest applicable or not?? Kindly reply soon with details section & reference of example if any. |
" |
ravi adabala
(advocate)
(29 Points)
Replied 25 November 2008
| Originally posted by :Shaman | ||
| " | ||
Hello shaman
Capital gain also includes in the income of the assessee(here individual). Only 30% of advance tax to be paid as on dt 15-09-every year. Not 100%.
Include capital gain with regular income and less any tds. For Capital gain a separate tax rates will be applicable. Accordingly calculate tax liability .
ravi adabala
CAclubindia
