Advance tax on capital gains
sameer joshi (Article Assistant) (99 Points)
28 June 2018sameer joshi (Article Assistant) (99 Points)
28 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161002 Points)
Replied 28 June 2018
The STCG is clubbed under other income and taxed as per slab rate, so if total tax amount increases 10K...... advance liability arises.
sameer joshi
(Article Assistant)
(99 Points)
Replied 28 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161002 Points)
Replied 28 June 2018
As the sale is before march 15th, advance tax liability to pay 100% of total tax arises by 15th March itself. Due to STCG liability arises only in last quarter, interest is not charged over short payment of earlier quarters.