Advance tax query

201 views 1 replies

hi all

i am expecting sales proceeds of my property sale within 10 days from buyer.since i sold this house within 3 years ,i have to pay STCG, post revokation of LTCG from sale of old property earlier out of which I had purchased new property.

now when i am supposed to pay advance tax, as i have not recieved monies from sale yet. also should i pay all tax in one go (as i am unemployed with no income for this fy yet)

secondly out of partial withdrawal i made from my PPF this fy can i deposiy back  now as to take bemefit of deductioins before i pay advance tax

thank u

 

Replies (1)

Friend,

As advance tax provision will apply, if any assessee has income more than 10,000/-. But if you are senior citizen and does not have any business income, then there is a exemption of advance tax provisions.

as, the gain is short term gain and the age is not more than 60, then advance tax provsion would apply and u need to deposit advance tax on quarerly basis.

 

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details