ADVANCE TAX

This query is : Resolved 

24 June 2010 If an Individual have an income from business,plus in july he get STCG(Other than u/s 111a)of rs.539278/- so how to calculate advance tax & int. u/s 234c & 234b for STCG.

24 June 2010 It should be calculated on provisional basis considering how much you may paid at the year end. any ways you need to pay the interest on the differential componant

24 June 2010 Agreed. Estimate the amount of income you will have at the year end. Also consider the Capital gain exemption you will be able to claim by way of investment in capital Gain Saving Schemes and then estimate the your Gross Total Income.
Pay the advance tax on the basis of the estimated tax liability. Try to pay the balance amount , if any in the last quarter of the FY, otherwise, you are required to pay the iNterest Amount.


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