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