POSTED BY July 20, 2014 10:25 pm COMMENTS (2)ON
I have income from Salary and TDS deducted for the same. But I have short term capital gains on mutual funds and hence after updating ITR-2, I see an excess tax of Rs 6000 to be paid. Could you please help me on the below queries to do the online payment? I am using Challan 280.
1. Should I use “Self assessment” or “Advance Tax” option?
2. Assessment year should be 2014-15 or should be 2015-16 as I am paying only now.
3. Should I select the type of payment option as Self Assessment Tax(300) or Advance Tax(100)?
4. Selecting the option “(0021)INCOME-TAX (OTHER THAN COMPANIES)” for the applicable Tax. Is this correct?