Due date of payment of tax on ltcg
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2012
Please advise when tax due on LTCG has to be paid with reference to date when capital gain arises. Suppose I sell a property on 30 May and earn a LTCG of Rs. 10 lakhs. Tax @ 20% is Rs 2 lakhs. When do I have to pay this -immediately when LTCG arises,or 100% by 30 June i.e. in the quarter when LTCG arises, or 30% by 15 September, 60% by 15 December and 100% by 15 March to avoid payment of any interest / penalty?
16 March 2012
30% on 15/9
60% on 15/12
100% on 15/03
60% on 15/12
100% on 15/03
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