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Advance tax liable on sale of property on 16/03/2016

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(Querist)
22 March 2016 Our co. Had a property aquired on 16/01/2006 For Rs. 1700000/- But now sold for Rs. 60,00,000/- . Whether we are liable to pay advance tax ? If yes kindly suggest a date of last payment.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 March 2016 Since the sale took place after advance tax due date the question of advance tax does not arise. So pay the tax on or before 31st March 2016.
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