I am salaried person . I have purchased shares through IPO in October 2016 and sold the said shares in Novemeber 2016. I earned profit of Rs,1500 on the said transaction. Now where should i show this profit of Rs.1500 in ITR 1 (income tax return form)? should i mention purchase and sales details also in the said form or should i show 1500 in other income?
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Tax on shares sold
Replies (3)
If this one was your only transaction of shares trading, you can add the said income in 'Income From Other Sources' (No need to declare any sell/purchase details)
short term capital gains
| Originally posted by : Dhirajlal Rambhia | ||
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If this one was your only transaction of shares trading, you can add the said income in 'Income From Other Sources' (No need to declare any sell/purchase details) |  |
only single transaction in a year.
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