Income tax return - regarding
This query is : Resolved
11 August 2015
Dear Sir/Madam,
I have income from salary/interest and my TDS not deducted during FY 2014-15. Secondly i redeemed 1000 units of Mutual Fund on dated 15.05.2014 with total value 51406.19 and got short term gain Rs.2392.66 and long term gain Rs.11149.91
My query:
1. Which ITR form can be use in this case.
2. What about capital Gain.
3. Is there any tax liability can be imposed during filling of ITR.
Regards,
Sanjeev Verma
I have income from salary/interest and my TDS not deducted during FY 2014-15. Secondly i redeemed 1000 units of Mutual Fund on dated 15.05.2014 with total value 51406.19 and got short term gain Rs.2392.66 and long term gain Rs.11149.91
My query:
1. Which ITR form can be use in this case.
2. What about capital Gain.
3. Is there any tax liability can be imposed during filling of ITR.
Regards,
Sanjeev Verma
11 August 2015
1. You can use ITR- 2
2. If the units are equity oriented mutual funds then , long term capital gain exempt from tax u/s 10(38) and short term taxable @ 15%.
3. If no tdS , you are required to pay the tax.
2. If the units are equity oriented mutual funds then , long term capital gain exempt from tax u/s 10(38) and short term taxable @ 15%.
3. If no tdS , you are required to pay the tax.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
