If you've sold a residential property and owe long-term capital gains tax, you should use Challan 280 to make the payment. Specifically, select the 'self-assessment tax' option within Challan 280 when filing. This is the correct method for remitting capital gains tax arising from the sale of house property.
21 August 2021
I sold a residential flat and on which long-term capital gain tax arising is 25k. By which challan should I pay the long-term capital gain tax on the sale of house property. Should I pay by Challan No.280 or by another challan?