Dear all, I have exercised some stock options of unlisted shares in mid Apr 2017 that will be AY2018-19. I may not have any capital loss that may offset this for the rest of the year. My query is should I pay the advance tax as per the due dates 15% by 15/6/17, 45% by 15/9/17, 75% by 15/12/17 and 100% by 15/3/18 in a progressive manner or should I pay the total tax due before 15Jun2017 or immediately now?. I have come across a post long back in this forum (quoting something like Sec290) that the Assessing officer can insist on payment of the total tax due now. Thank you.
Advance tax payable on capital gain from unlisted shares
K Viswanathan (Head - Audit & Compliance -Finance) (25 Points)
26 April 2017