Only income is capital gain

Pradeep Kumar (24 Points)

22 May 2021  

Hello,

My only major income is the capital gain from equities (both short and long term).
I understand that capital gains in equities are taxable irrespective of my income tax slab.

So, let's say, If I have gained Rs 3 lacks from short term capital gain (from listed equity shares) and I have no other income, do I go ahead and pay advance tax for Rs 3 lack gained ( @ 15%, so in this case Rs. 45K)?

Please help me understand the right approach, appreciate it.

Thanks, Pradeep