Naveen
(student)
(334 Points)
Replied 04 March 2021
No need to pay advance tax on CG for transactions between 16th to 31st March. Forget about estimation of CG from shares, for Income tax the assumption is that by March 15th (last date for advance tax) u don't even know such a stock sale is going to happen and it is difficult to anticipate CG as it is purely depends on market conditions. So IT dept won't expect u to pay Advance tax on CG that not yet happened or earned by the end of 15th March.
After happening of transaction, even if u pay advance tax on CG after 15th March, it won't save u 234C interest. Helpful for 234A (if file after due date) and 234B. So don't worry. Just leave it and pay CG tax at the time of filing the ITR.