25 July 2013
HELLO CA CLUB FAMILY, I HAVE A LOT OF DOUBTS REGARDING FILLING CAPITAL GAIN IN ITR4,MY QUERIES ARE: 1)STCG ARISED BY SELLING OF EQUITY SHARES WHERA I SHOULD FILL IT EITHER IN 111A APPLICABLE OR NOT APPLICABLE 2)WHERE I SHOULD FILL LONG TERM CAPITAL LOSS ARISED BY SELLING EQUITY SHARES 3)WHERE I SHOULD FILL LONG TERM CAPITAL GAIN ARISED BY SELLING DEBT AND IMMOVABLE PROPERTY
For transactions taken place in Stock Exchange STT is being paid by us. Such transaction can be shown as under-
Refer SCHEDULE CG - . Q-1 . A. Item No 3.
From assets (shares/units) in the case of others where section 111A is applicable (STT paid)
Q2. LTCG ON SHARES : (STT Paid) Show under Schedule for Income Exempt from tax given on last pages.
Q3.1 . LTCG FROM LISTED UNITS OF DEBT MUTUAL FUND or zero coupon bonds: . Case No 1- Optional . WITHOUT INDEXATION @ 10% TAX . SCHEDULE CG B. 4. From asset where proviso under section 112(1) is applicable (without indexation)
Q 3.2 : FOR ALL OTHER LTCG. . SCHEDULE CG PART B. 3. From asset in the case of others where proviso under section 112(1) is not applicable.
26 July 2013
I CAN NOT BEAR THE WEIGHT OF A TON, NORMALLY. STILL I WOULD TRY MY BEST TO CARRY ON THE HEAVY LADING. . MORE IMPORTANT- THE PURPOSE MUST BE SERVED BY WRITING.