Sec 234
This query is : Resolved
08 July 2015
dear sir,
a person bought shares worth 100000/-. does he have to compute the profit that he could made by the shares and pay the advance tax?
a person bought shares worth 100000/-. does he have to compute the profit that he could made by the shares and pay the advance tax?
08 July 2015
Note the points:-
1. Advance Tax is applicable only if the estimated Income Tax liability (along with Cess@3%) exceeds Rs. 10,000/-.
2. Advance Tax is based on estimated tax liability. If your estimate of tax payability due to anticipated gain from the share trade exceeds the limit, then you should.
1. Advance Tax is applicable only if the estimated Income Tax liability (along with Cess@3%) exceeds Rs. 10,000/-.
2. Advance Tax is based on estimated tax liability. If your estimate of tax payability due to anticipated gain from the share trade exceeds the limit, then you should.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
