Long Term Capital Gains(LTCG) at 10% on gains of above Rs 1 lakh from Equity & Equity mutual fundshas to be shown in ITR form. The Long Term Capital Gain or LTCG will be taxed at 10% for all listed equity shares and units of equity-oriented MFswhere STT is paid on purchase and s...
I have also earned Rs 60K as short term capital gain from the share market and Rs 2000 as intraday profit. Which ITR form should I fill? Thanks. Reply SAG Infotech December 28, 2020 at 1:25 pm If you don’t have any business income then you can file ITR 2 Reply kc December 8...
Long term capital gains of a non-resident Indian on any asset other than a specified asset 115E(a) 20 Page 4 of 12 Instructions to Form ITR-6 (AY 2016-17) Long term capital gains of a non-resident Indian on any specified 32. asset 115E(b) Double Taxation Avoidance Agreement (DTAA...
If you sell a house property and have a long-term capital gain, the buyer shall deduct TDS at 20%. However, you are allowed to claim capital gains exemption by investing in a house property as per Section 54 or investing in Capital Gains Bonds as per Section 54EC. TDS rates for NRI ...
Hi all,It was a pleasure to talk to you on my Facebook page yesterday, and answer your income tax and tax saving investment related questions.I am glad that I could be of help, and we would definitely have more such sessions before the end of the investment season. A background …[Re...
foreign assets in 'Schedule FA' in the relevant ITR form. Simply reporting income from foreign assets in the ITR form without disclosing the assets in Schedule FA will not be considered as fulfilling the disclosure requirement," says Naveen Wadhwa, ...
("CMO"), one located in the US and the other in the EU to supply product to our commercial partners. These supply chain partners will be central to the long-term success of the product, and we are working closely with them to deliver continuity of supply, with a product of high ...
Long-term trade receivables from parties other than Sistema subsidiaries are measured at amortized cost using the effective interest method. Value-Added Taxes – Value-added taxes ("VAT") related to sales are payable to the tax authorities on an accrual basis based upon invoices issued to the ...
The Group has estimated the fair value of its financial instruments as follows: The fair value of short-term financial instruments approximates the carrying value due to the short-term nature of the instruments; The carrying value is equivalent to fair value for long-term variable ...
FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006 (Amounts in thousands of U.S. dollars) FINANCING ACTIVITIES: Proceeds from short-term borrowings Principal payments on short-term borrowings Proceeds from long-term borrowings Principal payments on long-term borrowings Principal payments on capital lease...