Capital gain

do you need to pay advance tax for capital gain?
Replies (3)
Yes, advance tax is applicable on income from capital gain.you need to pay the same.

Yes. Advance tax provisions are applicable for Capital Gain, but with some changes.

Interest u/s 234C in case of CG:

Unlike normal income, capital gain income cannot be anticipated in advance. Hence, interest u/s 234C shall not apply to such capital gain on retrospective basis. This implies that advance tax liability on capital gains shall begin only after the date capital gain arises.

Let me clarify the same with an example:

Suppose Normal income is Rs.100 + Capital Gain (arose in January 2017) Rs.30.

Then Advance tax liability shall apply only for quarter 4 on 100% of capital gains.   Hence interest  @ 1% on Rs. 30 shall be payable in case of failure to pay advance tax by 15th march 2017. 

 

 

What is the tratment of Capital gain from Shares ? will require to pay advance tax if only income from Capital gain from shares only ? For example if any one earn profit from sale of equity share is Rs. 500000, what amount he pay for advanced tax ?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details