Got capital gains in fag end of financial year? Don’t pay higher interest u/s 234C !

Archived; click post to view. Excerpt: Advance tax payment liability is fixed for every taxpayer who is liable to pay  tax exceeding Rs 5,000 a year. Then there are provision of interest u/s 234B and section 234C of the   I T Act on any shortfall of payment of tax as specified in those sections [...]

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