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STCG+LTCG
If in a D-mat trading account, or a PMS, the gains (ST or LT) are ploughed back for further reinvestment and Not transferred to Savings bank account of the holder (investor) for his use, are these gains still considered as "Incomes" in that year, and, taxed ??
Replies (5)
Quick Summary
Yes, gains are taxable (subject to available exemption) as and when earned even if the same is reinvested.
Thanks Madamè.
Please correct me, if I'm wrong:
For STCG, I must show , in CG schedule of ITR2,
total consideration amount and total cost (Purchase) amount of equities traded.
For LTCG, I must fill up scriptt wise cost + consideration values in Table 112A.
Yes you're right ashok
Thanks a lot, Sourav .
I guess, then, I can go ahead with filling ITR2, assuming, of course, the glitches in new website are no more present. Thanks again.
Your welcome
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