How should present this
This query is : Resolved
VIPUL CHANDAK
(Querist)
01 February 2016
u/h of Capital gain.
if any assesee earns L.T.C.G on sale of shares registered under any stock exchange then such income will be exempt.. now my question is that "in presentation of answer is this required to calculate such gain or loss and after that drop a note that it is not taxable or we can directly show that it is exempted income so dont need to calculate either it will be loss or gain
Ganeshbabu K
(Expert)
01 February 2016
Long term gain if any need to disclose in "schedule EI(EXEMPT INCOME)"serial no.3
Details of Exempt income(Income not to be included in total income)
Details of Exempt income(Income not to be included in total income)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
