Capital gains
This query is : Resolved
MANASH DAS
(Querist)
18 June 2015
A company earned long term capital gain on sale of a property on 12/06/2015, but CII for FY 2015-16 not notified yet, then how the co. will be able to pay advance tax on such LTCG on or before 15/06/2015? Please clarify me !!!
Nikhil Kaushik
(Expert)
18 June 2015
take an average 9%-10% increase in CII and pay tax on approximate basis
Ankur Singhal
(Expert)
18 June 2015
Agree with nikhil kaushik.
Dear Cii of FY 2014-2015 is 1024.
So take CII around 1040 approx for FY 2015-2016 and calculate tax approximately.
Dear Cii of FY 2014-2015 is 1024.
So take CII around 1040 approx for FY 2015-2016 and calculate tax approximately.
Ankur Singhal
(Expert)
18 June 2015
Agree with nikhil kaushik.
Dear Cii of FY 2014-2015 is 1024.
So take CII around 1040 approx for FY 2015-2016 and calculate tax approximately.
Dear Cii of FY 2014-2015 is 1024.
So take CII around 1040 approx for FY 2015-2016 and calculate tax approximately.
Rupesh Jain
(Expert)
18 June 2015
YOU CAN TAKE ESTIMATED INCREASE IN CII AND DEPOSIT THE TAX
MANASH DAS
(Querist)
20 June 2015
Thanks for yours' clarifications...
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