Income from capital gain from share trading
This query is : Resolved
31 March 2015
Hi....
I want to know that I get notice from Income tax for the holding share of more then 1 lac.
It is just letter that you have to file return and if you file it just keep it with you no need to send letter to us.
I want to know that the yearly income is not more then 30-45 thousands and it is for senior citizens and female.
Kindly it is necessary to file income tax return.
31 March 2015
The source for purchase of shares is not a taxable income(below the limit/exempted income) and the income is below the taxable limit a reply may be sent, that you don't have any taxable income to file the return.
No need to file the return if there is no taxable income.
No need to file the return if there is no taxable income.
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