Best way to pay income tax

62°
Deal Newbie
leo999

I have booked a capital gain of 250K in the current month. Income Tax on this is coming roughly 40K.

I am expecting some more gain later during the year as and when I will sell more stocks.

Which debit/credit card would be worthwhile for making this payment.

I tried to explore HDFC Business Debit card and Biz Black Credit card but unable to conclude whether any meaningful benefit is there with these options.

Suggest me your best.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
3 Comments  |  
3 Dimers
  • Sort By
Benevolent Benevolent
Link Copied

I have booked a capital gain of 250K in the current month

from stocks/funds or from property? ltcg or stcg?

Deal Newbie Deal Newbie
Link Copied
250K you expect from land building property? biggrin
Deal Cadet Deal Cadet
Link Copied

Most banks are now excluding tax payments from rewards, and those which offer cashback (like Amazon Pay ICICI 1%) just offsets the extra fees you would have paid for paying with CC option. So other than meeting milestone spends, not much to get for making tax payments with credit card.

replyuser
Click here to reply
Reply