Advance tax queries

1621 views 5 replies

Hi,

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

  1. 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.
  2. 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)

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

2) Tick Mark -  Advance Tax (100)

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 ............

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)

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.


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