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Advance tax queries

Tax queries 1590 views 5 replies

Kartik Parekh

29 Points Joined November 2011

Hi,

Can anyone please guide me on the following queries regarding advance tax to be paid

Challan No. ITNS 280 has to be used in case of Individual for payment of advance tax due to short term capital gains. Kindly confirm.
Which 'Type of Payment' - Self Assessment Tax (300) or Advance Tax (100) has to ticked in the challan as this would be Income Tax?

Request you all to guide me on the same. Thanking you in anticipation

Regards

Kartik Parekh

Replies (5)

CA SOHAM SHUKLA

Nil

157 Points Joined April 2009

1) Yes. It is proper to file Challan No. 280 for paying Adv Tax.

2) Tick Mark - Advance Tax (100)

Guest

Originally posted by : SOHAM H. SHUKLA

1) Yes. It is proper to file Challan No. 280 for paying Adv Tax.

2) Tick Mark - Advance Tax (100)

Agree ............

@CS Siddharth Bumb.

B.Com CA Final CS

5270 Points Joined September 2009

Originally posted by : SOHAM H. SHUKLA
	1) Yes. It is proper to file Challan No. 280 for paying Adv Tax. 2) Tick Mark - Advance Tax (100)

CS RAJESH C.CHOUDHARY

ASSISTANT MANAGER

14607 Points Joined July 2011

Advance Tax (100)

I had sold some shares in july 2011,sep 2011. can I pay shirt term capital gains tax using Challan No. 280 for paying Adv Tax now. what is the last date of paying tax on short term capital gains? I am a salaried individual. Please help.