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21068 Points
Joined January 2010
Originally posted by : Deepak Shah |
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ITR-2 How to Show Short term capital gain, in shares purchase Rs. 14100000 and sales for Rs.14500000 so profit of Rs.400000/- shall i put all purchase cost as acquisition ? if yes, audit require as turnover is over one crore ? please advise me on above issue or how to show only short term capital gain of Rs.400000/- |
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double check that the nature is STCG and the shares have been passed through delivery chanel ( Depository), if its done then you dont have to get fixed in audit,
but if the shares have been sold in transit, then its not capital gain, but speculation income, and here its counted as business income, and audit comes in picture.