LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Advance tax queries

Kartik Parekh (BA) (29 Points)

03 December 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

Reply
Follow
Share

5 Replies

CA SOHAM SHUKLA (Nil) (157 Points)
Replied 03 December 2011

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)
Replied 04 December 2011

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)
Replied 04 December 2011

Advance Tax (100)

tk (M) (21 Points)
Replied 11 February 2012

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.