Capital gain or loss in ITR-4 e-filling

Efiling 2791 views 2 replies

have received Rs. 255/- Short Term Capital Gain (STT deducted) by selling my MF & 

Long Term Capital Loss Rs. 4744/- by selling MF.

Kindly help me where to fill this two amount (STC Gain & LTC Loss) figure in ITR-4 for e-filling

Replies (2)

The sale of shares of STG is taxable.The STG of Rs. 255/- is taxable at a flat rate @ 15% under section 111A.

Any LTG made which is subjected to STT is exempt from tax. As u have made LTG loss which is subjected to STT cannot be set off from any other income.

 

The STG has to be shown in retun but LTG should not be shown any where in the return.

Thanks, that was very helpful


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