I have made short term profit of 2448 and loss of Rs 1800 in intra day do i need to pay advance tax for 2448 profit. And how advance tax thing works.
No, they are calculating yoy(year on year basic)…like salary tax
If tax liability is less than Rs 10k , no need to pay advance tax. Advance Tax need to be paid in four installments of 15%, 45%, 75% and 100% of estimated tax liability by 15th June, 15th Sep , 15th Dec and last by March.
Intraday loss cant be offset against capital Gain then there will be tax on Short term Profit.