Challan for LTGC due to Property

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)
Quick Summary
This discussion addresses how to correctly pay Long Term Capital Gains Tax (LTGC) arising from a property sale. The user is unsure which 'type of payment' to select on Challan 280 after choosing '(0021) Income Tax (Other than Companies)'. The consensus is to use 'Advance Tax' for this purpose, even though it's for LTGC.

(100) Advance Tax
 

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

Hi what can I help you

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