STCG TAX ON EQUITY SHARES

This discussion clarifies whether excess Tax Deducted at Source (TDS) from your salary can be used to offset your Short-Term Capital Gains (STCG) tax liability on equity shares. The consensus is that you can indeed adjust your STCG tax with any extra TDS deducted by your employer. If any tax liability remains after this adjustment, you'll need to pay it as advance tax or self-assessment tax, potentially with interest.