Capital Gain Advance Tax

This discussion clarifies advance tax payment deadlines for long-term capital gains (LTCG) arising from property sales, specifically confirming the 15th December deadline. It also addresses the continued eligibility for presumptive taxation under Section 44AD for business income alongside other sources, even after a property sale. Finally, it advises on the appropriate ITR form (likely ITR 3) for filing returns that include both LTCG and presumptive business income, and confirms that overpaid advance tax can be adjusted against future liabilities like surcharge and cess.