24 April 2018
I have to deposit Capital Gain Tax during FY 2018-19 for Capital Gains arisen out of sale of property in FY 2015-16, which have been invested in Capital Gain Account Scheme under Section 54, but not utilized for purchase/ construction of property. I have been advised to use ITNS 280 for deposit of Capital Gain Tax. In ITNS 280 there is no head for deposit of Capital Gain Tax. The heads available are: (100) Advance Tax (300) Self Assessment Tax (400)Tax on Regular Assessment etc
Please advise which head should I tick for deposit of Capital Gain Tax. With regards A K Ratwani
CAclubindia
