Tax payment from capital gains

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student
34 Points Posted on 09 March 2021
how can i pay tax for capital gain or is it automatically deducted during redemption of amount from mutual fund or stock selling.
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On 09 March 2021 at 15:23 Report
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This discussion clarifies how to pay tax on capital gains in the UK. It explains that the method of payment depends on whether the gain is long-term or short-term, and involves comparing sale consideration with the cost of acquisition. You may need to pay advance tax instalments based on when you realise your capital gains and other income.

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Student CA IPC / IPCC
89 Points Posted on 09 March 2021
It depends on the category.. long term or short term.. compare sale consideration and cost of acquisition
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On 09 March 2021 at 17:03
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17269 Points Posted on 09 March 2021
You have to pay advance tax instalments depending upon realisation of capital gain alongwith other income included.
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On 09 March 2021 at 17:54

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