Advance Tax Payment for LTCG

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.
Replies (4)
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.

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.

Thank you Sir. 

Thank you Sir. 

You are welcome...              

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