Guest Filing on the appropriate ITR form relevant to accounting of the capital gains is the answer to your question. You may better take help of some CA to file your ITR on correct form. However, if you don't want to properly account for your transaction that is outlook and at your own...
Understand Income Tax: What is Income Tax,TDS, Form 16, Challan 280 How to file ITR Income Tax Return, Process, Income Tax Notices Basics of Capital Gain,Cost Inflation Index, Indexation and Long Term Capital Gains How to Calculate Capital gain on Sale of House? Fair Market Value: Calculati...
No capital gain tax is applicable on the agricultural land in rural areas because land is not considered as a capital asset. This exemption is available under Section 54 B. If the entire income from the sale of the house is invested in buying another house, no tax will be levied on it....
When calculating the capital gain income tax on a sale, you also need to consider expenses, such as brokerages. It can also be complicated to sell shares for more than one year.Q: How can I figure out Long-Term Capital Gains Tax? Ans: The difference between the price at which you ...
ITR and Long Term Capital Gain If an individual has made capital gains during the year, he needs to fill ITR Form 2, as Form 1 is only for income from salary/pension, one house property and other incomes (excluding from lottery).ITR Form 2, on the other hand, is for declaring income...
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Short term capital loss can be adjusted with both short term capital loss/gain and long term capital loss/gain. Note that short term capital gain is considered as the normal income and will be added to the taxable income. But, in the case of short term capital loss it will be adjusted ...
Understand Income Tax: What is Income Tax,TDS, Form 16, Challan 280 How to file ITR Income Tax Return, Process, Income Tax Notices Basics of Capital Gain, Cost Inflation Index, Indexation and Long Term Capital Gains How to Calculate Capital gain on Sale of House? Fair Market Value: Cal...