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Doubt regarding Income Tax Calculation

ITR Filing 292 views 1 replies

Dear Professional Experts...

Can you please clarify certain points regarding Income Tax returns...

I have capital Gains from both Debt & Equity Mutual Funds.

I also have capital Gains from Direct Equity Shares.

Can anyone tell What is

(a). Short Term Capital Gains (Other than covered under section 111A)

(b). Short Term Capital Gains (Covered under section 111A)

(c). Long Term Capital Gains (Charged to tax @ 20%)

(d). Long Term Capital Gains (Charged to tax @ 10%)

(e). Long Term Capital Gains (Covered under section 112A)

 

Thanks and Warm Regards,

Replies (1)

First divide your gains in Short term & long term in equity & debt separately.

Then you will be able to relate each section individually.


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