Dear Sirs,
Kindly advise me on taxation on sale and purchase of REIT shares and which ITR form to be selected for this purpose. Does it fall under business income . Thanks
GR Babu
Menu
Taxation for sale and purchase of REIT shares
Replies (2)
Sale of REIT units is normally taxed as Capital Gains:
-
15% for short term
-
10% above ₹1 lakh for long term
Use ITR-2 unless you are actively trading, in which case use ITR-3.
It does not automatically fall under business income unless trading pattern indicates so.
Thank you sir
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
