Long Term Capital Gain
deepak
(Querist) 24 June 2009
This query is : Resolved
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.
A V Vishal
(Expert) 24 June 2009
YOU ARE LIABLE TO INTEREST SINCE ON 14-10-2008 THE SHARES WERE SOLD BY YOU AND YOU KNEW THAT YOU HAD MADE PROFIT ON SALE