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
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Taxation for sale and purchase of REIT shares
Replies (2)
Quick Summary
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
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