Interest on advance tax for senior citizen


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A senior citizen mistakenly engaged in intra-day trading, resulting in a net loss after STT. They are concerned about paying interest on advance taxes. The advice given is that if the loss is declared in ITR 3, interest may be applicable. However, if this was the only transaction, it might be avoidable.

12 September 2025 sir I entered in intra day trading by mistake and sold instantly and earned a profit of Rs 201 but after STT the nett amount is loss of 250 , Will I have to pay interest on advance taxes as I am a senior citizen ?

12 September 2025 Yes, if you declare the loss in ITR 3. You can avoid it, if it is your single transaction.

19 September 2025 Good Luck...


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