STCG TAX ON EQUITY SHARES

If enough tax has been deducted on my Salary, then can i adjust this tds for paying off my stcg tax liability ?.
or do i need to pay 15% on stcg over n above my normal income tax liability ?
pls reply
Replies (3)
Quick Summary
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.

Compute your total income including salary and stcg and determine the tax liability after adjusting the TDS. if any tax liability arises even after adjustment of TDS, pay the rest as advance tax before 31st March or as self assessment tax after 31st March to till the date of filing ITR
Thanks

Yes you can set off the STCG liability with the extra tds deducted by your employer. If after adjusting the TDS, the tax liability fall short then you have to pay the same along with interest u/s 234B/C.  

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details