Respected Madame / Sir,
During financial year 2014-2015, I had sold shares worth Rs.62,00,000/- on the BSE . The shares that were sold were held for a period of more than 6 years.
Q1. Will I have to pay any tax on the sold amount of shares ? I have read and found out that I am exempted from Tax, as shares held for more than 12 months, are considered long term capital gains.
Q2. Which ITR-Form will I have to use for uploading my returns ?
Q3. In the ITR Form, under which heading/column will I have to mention about about the income of Rs.62,00,000/- and that its is fully exempted from any tax.
Thanks in Advance.
CAclubindia
