Guest(Expert)09 September 2018 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...
Gains or losses from the sale of shares can be considered asincome from businessorCapital gains.For capital gains, If equity shareslisted on a stock exchangearesold within 12 months of purchase, then one has short term capital gain/loss, else one has long term capital gain/loss. The questio...
2) Also, just for information , can you also pls confirm if it is fine if amount of income earned from long term capital gains is less than 1 lakh by selling shares can be shown under exempt income 10(38) in ITR 1 sahaj form ?. Thanks. Reply Mohinder on June 9, 2018 at 11:4...
Capital Gains Tax in India In India, the tax is not imposed on the long-term capital gains of stocks and equity mutual funds. But, 15% tax is levied on the short-term gains. Both short and long-term capital gains are taxed in the case of debt mutual funds. While the long-term gain...
Your revenue from stock trading is documented on Form ITR-3, which is necessary for this circumstance under the heading ‘income from purposes of the company’. Comparison Between Business Dividends and Capital Gains When you regard the purchase of assets as revenue, you may deduct the expenses ...
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...
Learn Properly How to show Capital Gains on Mutual Funds, Indian Stocks, ESPSs, RSUs of MNCs, Fixed Deposits, Refund, Pay Self Assessment Tax and More How to Capital Gains in ITR for Shares & Equity Mutual Funds! Tax and RSU of MNC Check AIS and Form 26AS Tax on Dividends of foreign...
A capital gains account can be opened by filling in and submittingForm Aalong with proof of address, PAN card copy, and photograph. The amount can be deposited in the account through cheque, cash or demand draft. You can even deposit the amount in installments. If you have made a deposit...
Avoiding capital gains tax? What is property flipping? Property flipping is a well-known activity worldwide often referred to asreal estate investingby other countries, and many people, landlords and even businesses engage in property flipping to generate profits. The buyer purchases the property, ...
( 15,00,000) . Under the Indian Income Tax Act profit/loss sale of asset such as bonds, shares, mutual fund units, property come under the category ofCapital Gains.As he owned the house for more than 3 years, he can useCost Inflation Indexation(CII)to include the impact of the ...