Capital gains -1

This query is : Resolved

sundeep (Querist)
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01 May 2025 I have made capital gains in April 2025 for the sale of an apartment for my daughter's marriage. Should I make the LTCG tax payment in 4 parts as advance tax or in full? Is there any compulsion to pay full tax? I am choosing Indexation with 20% tax. What other improvement costs can be considered, as I have no proof? Though a few modifications/rectifications were made in 2002 when the apartment was purchased.

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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01 May 2025 1. If you are senior citizen without any business/professional income, no need to pay advance tax.
2. otherwise in 4 installment.
3. If you have bank passbook proof, you can consider, otherwise difficult to sustain.

sundeep

sundeep (Querist)
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01 May 2025 I will complete 60 years in August 2025. No professional or business income. I am a housewife

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Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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01 May 2025 So for the FY 2025-26, you are considered as senior citizen ......