Advance tax payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2011
One of our client sold property (purchase for office use in PVT ltd Co.) in Sep 11. In this transaction there is LTCG which will be taxable @ 20%
I want to know if we have to pay Advance Tax on this taxable LTCG and when it should be paid?
I want to know if we have to pay Advance Tax on this taxable LTCG and when it should be paid?
14 October 2011
If decided to pay tax on LTCG , advance tax is due on 15th sept, 15th december and 15 th march,2012 @ 30%, 30% and 40% respectively on the tax due.
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