Last Date of paying STCGT?

Hi friends,


Pls tell me the last date to pay my short term captial gains tax. is it 31st march or 31 july?

I know 31 july is last date for filing returns but after which date shall i have to pay interest on tax?

 

BTW I have gain from sale of shares less than 1yr along with salaried income. So i will have to fill in ITR 2.


This is my first post. Forum seems great here as all queries are resolved. Thanks.

Replies (6)

You will have to pay STCG Tax within 31st March 2011.

 

You will be charged interest after 1st April 2011 till the date of filing of return. 

 

You can file ITR - 2.

 

Regards,

Devendra

STCG tax has to be deposited quarterwise with advance tax, provided the tax liability is more than 5000/- during the year. 

its if more than 10000/-.....

Interest u/s 234B and 234C of income tax Act is levied only if the assessed income during the year is more than 10,000 as per section 208.

 

So if your STCG is less than Rs.10,000 you may defer the payment till the date of filing of return.

Thank you all for reply.

My capital gain is more than 10,000. It shall be taxed at 15% and i will pay it before 31st March 2011.

I think it can be paid online via netbanking. Is it recommended?

netbanking is most secured process to pay the taxes, but please fill the data carefully.

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