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Itr for housewife

Others 697 views 7 replies

Colleagues, 

My spouce is housewife. No any income. I transfer money in her S/B A/c. then transfer DMat A/c. & procured some shares. She gain LTCG 4L & STCG 28K. Is it required to fill ITR? & if yes, than which ITR form should fill. How can I save tax in such case?

Replies (7)

ITR 2

LTCG over equity tax-exempt.......

STCG will be clubbed in your (husband's) return, taxed at 15%.

Wow, what a instant reply. Thanks sir.

One more doubt. I don't have any income except trading. Should I file ITR. 

Yes, due to transactions in the trading account.....  and due to CGs, query would be raised.

Sir, what is indexation benefit? Could any one elaborate & give example of LTCG /STCG indexation benefit & w/o indexation benefit.

heres-how-to-compute-capital-gains

 

tutorials/15-%20ltcg.

 

capital-gains-income

yes excellent sir. 

Sir, I would like to ask two more querries-
1. I  got leave encashment of 96K & other exgratia of 168K after resigning from my current job in March-18. I got this amount in Apr-18. Should I add this amount in my current year earning? Is it exempted in any section? Pl. advice.

2. There is a difference of 60K in my FORM-16A & 16B received from employeer. 16A shows 60K excess gross income. I had contact with employeer. He says that I can't do that. Pl. give your opinion....

Pl. help me .............

1. I  got leave encashment of 96K & other exgratia of 168K after resigning from my current job in March-18. I got this amount in Apr-18. Should I add this amount in my current year earning? Is it exempted in any section? Pl. advice.

2. There is a difference of 60K in my FORM-16A & 16B received from employeer. 16A shows 60K excess gross income. I had contact with employeer. He says that I can't do that. Pl. give your opinion.... 


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