CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

LTCG Tax & Tax Payment

This query is : Resolved 

I have sold few shares which has been with me for several years and providing the details below.

Profit: Rs.19,11,008/-
Exemption: Rs. 1,00,000/-
----------------------------------------
Actual Profit: Rs.18,11,008/-
Loss from
Previous Year:Rs. 40,156/-
--------------------------------------
Actual Profit: Rs. 17,70,852/-
10% Tax: Rs. 1,77,085/-
4% Cess: Rs. 7,083/-
Total Tax: Rs. 1,84,168/-

Is my above calculation correct? Please let me know.

Do I need to pay the complete Tax of Rs.1,84,168/- now itself or can I pay 45% i.e.Rs.82,876/- now and pay the rest later?

Experts please suggest.





Yes calculation is right if you don't have other income reduce basic exemption of 2.50 lacs. Pay 45% now.

Sir what is 45% and why it is paying immediately ?

It's advance tax 45%; payable in September.

ok thanks sir ........for levy of lower amount of 234b and c

Yes......... Pay it on or before 15th.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
Excise
audit
VAT
mca
ca rankholder interview
dvat
epfo
rbi
unified portal
Info Technology
tcs
llp
icsi
gstr 9
income tax
companies act 2013
newgstreturn
cag
students
eway bill
gst
epf
tds
accounts
sebi
law
close
GST Live Class