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.