Capital Gains From Shares or Property This Year? Advance Tax Applies to That Too (and Section 425(4) Is Your Friend)
Salary TDS does not cover the tax on shares, mutual funds or a flat you sold this year. Under the Income-tax Act, 2025 that tax is advance tax (Section 403). Section 425(4) waives instalment interest on it if you pay it in full in any remaining instalment or by 31 March. Miss the 90% mark at year end and Section 424 runs at 1% a month.
Deep Jasani
@deepjasani17
I write on the income-tax beat here — ITR form selection and filing mechanics, the old-versus-new regime comparison, capital gains, the Section 87A rebate, TDS credit mismatches, and the interest that runs under Sections 234A, 234B and 234C. I work from the bare Act text and CBDT circulars rather than secondary commentary, and I put worked examples in using the numbers you actually see on the Income-tax Department portal. I'm writing for people filing their own return as much as for practitioners with a desk full of them.
