Ltcg

penality is depend upon many things 

depend upon your tax liability if less than 10000/- then only interest will charge 

on it if it is more than 10000/- then additional interest charge on it 

and one moer thing the properity you sale it should be declare in income tax

return otherwise it will treate as investment and add it in your income 

and  tax calculate on it 

Sir ,

How it is possible to show the sale of property in IT return when it is omitted and Tax not paid. How much penalty is payable next year if Tax liability is Rs 150000/- .Regards

THE PROPERITY U R SELLING SHOULBE BE MENTION IN UR BALANSHEET 

IF NOT IT WILL BE TREATE UR INVESTMENT AND ADD TO INCOME PLUS THE 

TAX AS PER CAPITAL GAIN PLUS PENALITY AND INTEREST 

     MEET A PROFESSIONAL AND GET THIS PROBOME SOLVED 

GET SOLVED THIS MATTER BEFORE 31 ST MARCH