Advice for form filling (ITNS 280) for payment of "long term capital gain tax" on sale of property
This query is : Resolved
09 March 2022
Sir,
Seeking advice on form filling (ITNS 280) for payment of any LTCG TAX on sale of property, in FY21-22, by 15th march-2022
1) Whether one should select option (100)-> which is Advance Tax or (300)-> which is Self assessment Tax or (400)-> Tax on regular assessment ?
2) I had selected (100), considering that this is advance payment, as it is being executed before deadline of 15th march 2022, however it seems several earlier posts in CA-Club, have suggested, to select option (300) which is self assessment tax. Hence the confusion.
3) Please advice whether there is a mistake in my selection of option (100)- advance Tax, or is it correct.
4) If it is incorrect, how can we get this mistake corrected, as the telephone no of TIN call center (020-27218080) is very hard to reach.
5) Lastly in the INTS 280 form there are also other options, which have to be selected in details of payment such as: "Income Tax, or Surcharge, or educational cess, or interest, or penalty, or others". Which option is correct here ?
6) As there was no option for "capital gain tax", I had selected "Income Tax". Is it correct or wrong, and if incorrect, how to get this rectified.
Will appreciate valuable advice from experts.
Seeking advice on form filling (ITNS 280) for payment of any LTCG TAX on sale of property, in FY21-22, by 15th march-2022
1) Whether one should select option (100)-> which is Advance Tax or (300)-> which is Self assessment Tax or (400)-> Tax on regular assessment ?
2) I had selected (100), considering that this is advance payment, as it is being executed before deadline of 15th march 2022, however it seems several earlier posts in CA-Club, have suggested, to select option (300) which is self assessment tax. Hence the confusion.
3) Please advice whether there is a mistake in my selection of option (100)- advance Tax, or is it correct.
4) If it is incorrect, how can we get this mistake corrected, as the telephone no of TIN call center (020-27218080) is very hard to reach.
5) Lastly in the INTS 280 form there are also other options, which have to be selected in details of payment such as: "Income Tax, or Surcharge, or educational cess, or interest, or penalty, or others". Which option is correct here ?
6) As there was no option for "capital gain tax", I had selected "Income Tax". Is it correct or wrong, and if incorrect, how to get this rectified.
Will appreciate valuable advice from experts.
09 March 2022
1 Either one 100 or 300 is right.
2 No problem it can be considered as advance tax.
3 Your selection is right.
4 correction not required.
5 Income tax is the right option.
6 It's right no need for correction.
2 No problem it can be considered as advance tax.
3 Your selection is right.
4 correction not required.
5 Income tax is the right option.
6 It's right no need for correction.
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