Advance tax installments on long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2012
MY CLIENT (RESIDENT) HAD INCURRED LONG TERM CAPITAL GAIN ON SALE OF SHARES AT DUBAI ON 10.12.12. NO STT CHARGES WERE PAID FOR THIS.NOW QUERRY IS WHETHER LTCG TAX TO BE PAID FULLY @20% (AFTER ALLOWABLE ADJUSTMENTS) IN ADVANCE TAX DUE ON 15.12.12 OR IT WILL BE PAID IN INSTLLMENTS?.
15 December 2012
Only proportionate Advance tax is payable now and not the full amount of tax.
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