INCOME FROM SALE OF SHARE
Querist : Anonymous
It can either be---
Short term capital Gain---Taxable @ 15%(If STT Paid)
LTCG --Tax Free (If STT Paid)
Trading income i.e. Intraday profit--Taxable at normal rate.
Etc. So it depends on the nature of transaction.
Querist : Anonymous
Go to CG-OS Sheet--
In 2.a
Put full value of consideration- Sale proceeds
In 2.b.i
Put cost of Acquisition-Purchase price
4. Will show a loss say(-5000)
5. put the same figure i.e. STCG/STCL amount included in 4 above. (-5000)
Now you can see this amount in CFL sheet under the head current year losses.
Querist : Anonymous
my doubt in point 5 . put the same figure i.e. STCG/STCL amount included in 4 above. (-5000)
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