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Q. > Please Help: Advance Tax on Capital Gain
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733 views • Question added Sep 12, 2011 • Income Tax • By Vandana , Rohtak


whether advance tax provisions applicable on capital gain tax or not?

2 Answers

answered Sep 12, 2011 by Ashish Karundia , New Delhi

Dear Vandana,

Advance tax is payable even in case of capital gains tax . However, the same shall be payable during a financial year only if the amount of tax payable by the assessee during that year, as computed in accordance with the provisions of this Chapter, is Rs. 10,000 or more. [ Refer Section 208 of Income Tax Act, 1961]


answered Mar 03, 2012 by Ketan Samdani , V V Nagar

Advance tax payable on capital gains.


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