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Challan for LTGC due to Property

Others 241 views 3 replies

Hi Everyone, I sold a property recently and I do not plan to invest the Capital gains and want to go ahead and pay the capital gain tax. 

As the long capital gain is arising due to sale of a property, what challan should I use to pay?

I have selected "(0021) Income Tax (Other than Companies)" for me to pay the tax using Challan 280.

But, what "type of payment" should I select from the below options? Should I choose "Advance Tax" and I do not need to mention if its LTGC?

(100) Advance Tax
(300) Self Assessment Tax
(400) Tax on Regular Assessment

Thanks,

VB

Replies (3)

(100) Advance Tax
 

Thanks Sir for your prompt help. Will do so accordingly.

Hi what can I help you


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