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?
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.
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....
CAclubindia
