Payment of advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2012
is advance tax required to be paid in case your TAXABILITY i.e. Rs.7000 from business source and Rs.40000 from LONG TERM CAPITAL GAIN
Dintakurthi Tirumala
(Expert)
16 March 2012
Yes, your advance tax liability arises from the date of earning of Long Term Capital Gain.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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