Capital gains-24.06.2025

This query is : Resolved

sundeep (Querist)
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24 June 2025 No PGBP in FY25-26. OI is < 2 lakhs. LTCG is 9 lakhs after indexation. 20% tax on LTCG is 1.9 lacs. How much tax is applicable in FY25-26? I will be a senior citizen in August 2025. I did not pay any advance tax for LTCG. When to pay this tax during filing ITR or before March 15, 2026

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 June 2025 Being Sr. Citizen you can pay it before filing relevant ITR or before 31.07.2026. Tax liability would be 1.60 Lakhs + 4% cess.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 June 2025 he is not a senior citizen for this assessment year.

sundeep

sundeep (Querist)
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25 June 2025 At the time of filing ITR, I will be a senior citizen for FY25-26 (AY26-27).LTCG being a special category income, I will have to pay 1.9 Lacs as tax. Am I correct? LTCG was made in April 2025 . What about advance tax? Am I liable?

sundeep

sundeep (Querist)
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25 June 2025 ...........................................................................................

sundeep

sundeep (Querist)
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25 June 2025 Should senior citizens pay advance tax on ST & LT capital gains?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 June 2025 Please ignore my previous comment as I misread the financial year you were concerned about. advance tax wont apply to you as long as you do not have business income.

sundeep

sundeep (Querist)
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26 June 2025 Thanks sir....................................

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