Menu
Advance tax on capital gains
On 10th March 2018 sold house property for short term gain of 400000. Is advance tax is payable on this gain or not? Thanks in advance.
Replies (3)
The STCG is clubbed under other income and taxed as per slab rate, so if total tax amount increases 10K...... advance liability arises.
Thanks sir but I wanted to know as sale in March 2018 and due date is March 15 how much percentage should have been paid as advance tax on March 15 and whether interest is applicable for non payment.
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.
Recent Topics :
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
Related Topics :
CAclubindia
