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of <h1>Advance Tax Covers Total Income, Including Capital Gains and Lottery Winnings; Pay in Remaining Installments Without Interest Penalty</h1> Advance tax is required on total income, including capital gains and casual income, such as lottery winnings. Estimating these incomes in advance is challenging. Therefore, if such income arises after an installment due date, the tax on capital gains and casual income should be paid in the remaining advance tax installments. No interest is charged for late payment if the full advance tax amount is settled by the specified due date.
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