๐ข Capital Gains Tax Alert for ITR Filing (F.Y. 2024-25) ๐ Are you investing in stocks or mutual funds? ๐งพ Donโt miss this key update for your Income Tax Return filing! ๐
๐ Capital Gains at a Glance:
โ
Short-Term Capital Gain (STCG)
๐ Applicable when:
Equity shares or mutual funds sold within 1 year
Taxed at 15% (plus cess/surcharge)
โ
Long-Term Capital Gain (LTCG)
๐ Applicable when:
Held for more than 1 year
Taxed at 10% on gains above โน1 lakh (for listed equity shares/mutual funds)
๐งพ What You Need to File ITR:
๐ Capital Gain Statement from broker or mutual fund house
๐ AIS (Annual Information Statement) from Income Tax Portal
๐ Form 26AS for TDS confirmation
๐ Details of all buy/sell transactions
โ Mistake to Avoid:
๐ก Donโt just report the sale amount โ calculate actual gains (Sale – Purchase) and classify correctly as STCG or LTCG!
๐ฅ Need help with your capital gains computation or filing ITR-2?
๐ฉ DM us or comment โCAPITAL GAINโ and weโll assist you step by step!
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