Advance tax on short term capital gains
This query is : Resolved
01 August 2010
Should Advance tax be paid if short term capital gains on shares which are subject to securities transaction tax is ?
Shortterm capital gains Rs48000
It is very urgent because I have to submit the return before 4th August 2010. I am salaried employee
Should Advance tax be paid if short term capital gains on shares which are subject to securities transaction tax is ?
Shortterm capital gains Rs48000
It is very urgent because I have to submit the return before 4th August 2010. I am salaried employee
02 August 2010
*Payment of Advance Tax in case of Capital Gains/ casual Income:
In such cases it is not possible for the assessee to estimate his income in advance for payment of advance tax. Therefore it is provided that if any income arises in such cases after the due date of any installment, then advance tax on said income should be paid on / before the due date of next immediate installment or in case of no installment being due by the end of the Previous year, i.e., 31st March.
In such cases it is not possible for the assessee to estimate his income in advance for payment of advance tax. Therefore it is provided that if any income arises in such cases after the due date of any installment, then advance tax on said income should be paid on / before the due date of next immediate installment or in case of no installment being due by the end of the Previous year, i.e., 31st March.
02 August 2010
Thanks. But my doubt is not completly resolved. I have not paid advance tax at all not even on 31st march 2010.
That means now I have to pay now Interest u/s 234B & 234C for delay in payment of advannce tax
That means now I have to pay now Interest u/s 234B & 234C for delay in payment of advannce tax
02 August 2010
Yes. You are correct. You will then have to pay interest u/s 234B & 234C for deferment of Advance Tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
