Capital Gain

Yes. The assessee can furnish a revised return to include the CG in his total income and take the benefit of Sec.54.

Yes, u can file revised return and can correct the mistake till 31.03.2012 or till competion of assessment whichever occurs first. So don't be late in filing u'r revised return..

Yes he can do so but make sure Capital Gain must be long term for the applicability of sec 54 :)

inflation index?

i guess 712

How do we use Inflation Index for calculating STCG and LTCG, can someone enlighten?

Simply subtracting the amount we get from sale of shares from the expense to buy those stocks is not the correct way?

DEAR NAVEEN JI
YOU DONT TELL THE DATE OF SELLING OF HOUSE PROPERTY, IF IT IS SELL BEFORE 31ST MARCH ,THEN, YOU SHOULD REVISE YOUR RETURN. OTHERWISE, IF IT IS AFTER 31ST MARCH THEN WAIT FOR THE NEXT OF RETURN FILING DATE UP TO 31ST JULY,2011.
PLEASE TOLD ME THROUGH MESSAGE IS IT BEFORE 31 ST MARCH OR AFTER 31ST MARCH.

THANKS AND REGARDS
DARPAN AGGARWAL


 

Originally posted by : OldSchool
	How do we use Inflation Index for calculating STCG and LTCG, can someone enlighten?   Simply subtracting the amount we get from sale of shares from the expense to buy those stocks is not the correct way?

Hello dear,

Go through this forum and you will get your answer to all questions :)

/forum/long-term-capital-gain-on-unlisted-shares-46852.asp?offset=1

take care

Thanks Sanjay

wellcome bro :)