lucky (MBA) (49 Points)
17 February 2019We sold land in Nov'18 and which would be eligible for LTCG. Now when we approached CA to file Tax return in Feb'18, he 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?
Are we not supposed to pay any advance tax before Mar'19. Land was under my father's name who is retired with no pension so only income that has is from fixed deposits.
Appreciate any advice.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178433 Points)
Replied 17 February 2019
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 18 February 2019
ITR can be filed after end of financial year. Long term capital gain is exempt from tax in certain condition. CA umesh kumar- 9717597230
lucky
(MBA)
(49 Points)
Replied 19 February 2019
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? |
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CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 20 February 2019
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
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