This discussion clarifies the tax implications for Short-Term Capital Gains (STCG) on equity shares and ETFs for the financial year 24-25. It addresses whether a penalty will be incurred for paying a STCG tax liability of INR 2300/- after TDS deduction, but before the official deadlines of September/July. The consensus is that no interest or penalty will be charged for this relatively small additional tax amount.
24 June 2025
for FY 24-25. After deduction of TDS paid on my professional income, the balance STCG @ 20% payable is INR.2300/-. I have not paid any advance tax towards STCG as the total STCG is INR 5860/-. Will I face any penalty if I pay tax of INR 2300/-before 31st September/31st July? Income from other sources is INR 4.26 Lacs, and loss on LTCG is INR.3392