πŸ“’ Capital Gains Tax Alert for ITR Filing (F.Y. 2024-25) πŸ“…Are you investing in stocks or mutual funds? 🧾 Don’t miss this key update for your Income Tax Return filing! πŸ‘‡

πŸ” Capital Gains at a Glance:

βœ… Short-Term Capital Gain (STCG)
πŸ“Œ Applicable when:

Equity shares or mutual funds sold within 1 year

Taxed at 15% (plus cess/surcharge)

βœ… Long-Term Capital Gain (LTCG)
πŸ“Œ Applicable when:

Held for more than 1 year

Taxed at 10% on gains above β‚Ή1 lakh (for listed equity shares/mutual funds)

🧾 What You Need to File ITR:

πŸ“Œ Capital Gain Statement from broker or mutual fund house
πŸ“Œ AIS (Annual Information Statement) from Income Tax Portal
πŸ“Œ Form 26AS for TDS confirmation
πŸ“Œ Details of all buy/sell transactions

⚠ Mistake to Avoid:
πŸ’‘ Don’t just report the sale amount β€” calculate actual gains (Sale – Purchase) and classify correctly as STCG or LTCG!

πŸ“₯ Need help with your capital gains computation or filing ITR-2?
πŸ“© DM us or comment β€œCAPITAL GAIN” and we’ll assist you step by step!

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