Tax filing process on land sale for ltcg

ITR can be filed after end of financial year. Long term capital gain is exempt from tax in certain condition. CA umesh kumar- 9717597230

If my Father wants to pay the advance tax on sale of land then how it can be done. Which form has to be used? As per CA IT portal is not allowing to pay advance tax even.

Originally posted by : Dhirajlal Rambhia
	CA says that the ITR portal is not allowing for tax filing right now and tax return can be filed only after Mar'19. Is it correct what the CA says? Yes, he is correct, as the ITR for FY 2018-19 will start only after 1st April, 2019.     Are we not supposed to pay any advance tax before Mar'19? As such better to pay any tax liability as advance tax; but otherwise if your father is 60 years or more, and if do not have any business income, then the advance tax liability is not mandatory.

If Tax liability after TDS is more than 10,000/- advance tax should be paid to save interest under section 234B and 234C. advance tax can be paid online in challan 280.   https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=-533951772

while paying select type of payment, assessment year, amount carefully. may call if any problem. CA umesh kumar- 9717597230