15 September 2010
Please let me knoe whether advance tax is to be paid 100 % on the capital gain on sale of land/ plots???in capital gain 30% , 60% provison of advance tax not applicable??please reply fast...its urgent....
15 September 2010
for capital gain you have to pay the advance tax in the said quarter in which capital gain arise.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
suppose capital gain tax of Rs. 5.00 Lacs arise in august 2010 to the firm for the sale of plots, then whether on 15.09.10 i have to pay 100% advance tax of these 5 Lacs or 30% of 5.00 Lacs???
15 September 2010
IF IT IS SHORT TERM THEN 30% LONG TERM 20%
Querist :
Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
thanks for your reply....but what m asking is on 15.09 we have to pay 30% advance tax. One of my frnd told that on capital gain 100% advance tax is to be paid....so i jst want to confirm that on capital gain whether we have to pay 100% advance tax instead of 30%???