advance tax on long term capital gains earned by senior citizen

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3 Points Posted on 24 March 2018
pls suggest whether advance is payable on long term capital gains by senior citizen. section 207 only talks about income from business and profession.
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On 24 March 2018 at 00:16 Report
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SEO Sai Gr. Hosp.
212535 Points Posted on 24 March 2018

No advance tax liability over senior citizen, if no income from business or profession, not even for capital gains tax.

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On 24 March 2018 at 08:00
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3 Points Posted on 24 March 2018
thank u
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On 24 March 2018 at 09:29
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SEO Sai Gr. Hosp.
212535 Points Posted on 24 March 2018

Welcome....

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On 24 March 2018 at 09:43
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9 Points Posted on 14 February 2019
Thanks . I have a LTCG on sale of building . Advance tax is substantial .pl advise if I can pay this tax at time of submission of IT return . Thanks .
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On 14 February 2019 at 10:00
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SEO Sai Gr. Hosp.
212535 Points Posted on 14 February 2019

Yes, if you are 60 years or above, and doesn't have any single penny of business/commission/professional income.

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On 14 February 2019 at 10:54
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9 Points Posted on 14 February 2019
Thanks for prompt reply
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On 14 February 2019 at 11:39

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