Capital Gain

Tax queries 364 views 1 replies

IS THERE ANYONE HAVE PRACTICAL SOLUTION ?

Our clients have huge transaction of capital gain,but it is not taxable under business or profession. I want that all transaction individually can be identify Capital Gain and balance as investments. so that if later in case scrutiny demad for detail we can present scripttwise purchase & sale. Is there anyone have specific format for Capital along with investment.

Replies (1)

Dear Ameet,

Now a days Broker itself gives a Capital Gain Statement along with the closing balance of Investments..

Further Closing balance/Stateof Holding of Investments should be confirmed with DEMAT Account statement..


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