Short term capital gain
This query is : Resolved
15 August 2015
hello Sir,
I am kapil gupta & my friends earned Rs. 7,62,463/- (Gross STCG) on sale of shares,sevifee+st+exchange charge+stamp duty+other charges = Rs. 58748, brokerage charges = 100276/- & short term capital loss Rs. 139300/-.and dividend income & interest from saving bank Rs. 51,709/- and Rs. 856. kindly tell me, what's tax liability & which form used for ITR.
I am kapil gupta & my friends earned Rs. 7,62,463/- (Gross STCG) on sale of shares,sevifee+st+exchange charge+stamp duty+other charges = Rs. 58748, brokerage charges = 100276/- & short term capital loss Rs. 139300/-.and dividend income & interest from saving bank Rs. 51,709/- and Rs. 856. kindly tell me, what's tax liability & which form used for ITR.
15 August 2015
Use ITR 2. Dividend income is exempted show it under exempted income. Savings bank interest exempted Rs. 10,000 under 80TTA. Reduce all brokerage charges and other charges and short term capital loss from STCG.
Fill the form your tax liability will be calculated and shown in the tax payable column.
Fill the form your tax liability will be calculated and shown in the tax payable column.
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