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
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
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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
