have received Rs. 255/- Short Term Capital Gain (STT deducted) by selling my MF &
Long Term Capital Loss Rs. 4744/- by selling MF.
Kindly help me where to fill this two amount (STC Gain & LTC Loss) figure in ITR-4 for e-filling
Abhijit Ghosh (.) (618 Points)
05 October 2010have received Rs. 255/- Short Term Capital Gain (STT deducted) by selling my MF &
Long Term Capital Loss Rs. 4744/- by selling MF.
Kindly help me where to fill this two amount (STC Gain & LTC Loss) figure in ITR-4 for e-filling
karan challani
(article)
(82 Points)
Replied 06 October 2010
The sale of shares of STG is taxable.The STG of Rs. 255/- is taxable at a flat rate @ 15% under section 111A.
Any LTG made which is subjected to STT is exempt from tax. As u have made LTG loss which is subjected to STT cannot be set off from any other income.
The STG has to be shown in retun but LTG should not be shown any where in the return.
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