Capital gains -1
This query is : Resolved
Quick Summary
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.
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.
2. otherwise in 4 installment.
3. If you have bank passbook proof, you can consider, otherwise difficult to sustain.
01 May 2025
I will complete 60 years in August 2025. No professional or business income. I am a housewife
01 May 2025
So for the FY 2025-26, you are considered as senior citizen ......
09 May 2025
Am I eligible for 1.25 lakh discount for LTCG tax applicable in case above.
09 May 2025
Not in case of 'sell of apartment'...
28 September 2025
Good luck.....
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