You should pay the amount in the quarter ended 15th June
What is the schedule to deposited capital gain tax in a FY?
My total Capital gain tax is around 11.08 Lacs. My property got sold on 27th April 2017. Since I had invested all money in a commercial project, so I need to pay this tax amount. My question is when to pay this tax? Is the income tax routine of 4 quarters of the year applicable over this? What should be the amount to be paid before 15th June, 15th September, 15th Dec, and 15th march?
Asked 7 years ago in Capital Gains Tax
Better to pay tax on the capital gains by 15th June.
Dear Sir,
Yes, Income tax routine of four quarter apply here as well and you have to pay tax on advance tax dates considering capital gain income.
Please feel free to call/ revert in case of any doubts
Thanks and Regards
Abhishek Dugar
CA CS B.C
You may pay in 4 installments in June, sept, Dec and March.
Hello,
The entire Capital Gain will have to be paid before 15th June 2017.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Hello,
Tax on Capital Gain is to be paid in the period in which Capital Gain arises. So in your case you will have to pay Capital Gain Tax by 15th June 2017.
Regards
Keerthiga Padmanabhan
M.Com., CA, LLB
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