Advance Tax Payment for LTCG

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292 Points Posted on 31 October 2022
If my PMS managers have booked Long Term Capital Profits, do I have to pay Advance Tax Now, or can I pay at the end of this financial year, without attracting penalty ? I'm a Senior Citizen.
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On 31 October 2022 at 18:51 Report
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Quick Summary
If you're a senior citizen and your PMS managers have realised Long Term Capital Gains (LTCG), you generally don't need to pay advance tax immediately if you have no income from business or profession. You can pay the capital gains tax before filing your Income Tax Return (ITR) without incurring penalties or interest.

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SEO Sai Gr. Hosp.
212475 Points Posted on 31 October 2022

If you do not have any income from PGBP (i.e business or profession), no need to pay advance tax now. You can pay the capital gain tax before filing your ITR, without any penalty or interest.

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On 31 October 2022 at 19:02
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292 Points Posted on 01 November 2022

Thank you Sir. 

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On 01 November 2022 at 06:35
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292 Points Posted on 01 November 2022

Thank you Sir. 

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On 01 November 2022 at 06:35
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SEO Sai Gr. Hosp.
212475 Points Posted on 01 November 2022

You are welcome...              

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On 01 November 2022 at 11:14

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