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Income tax filling (ITR) - Capital Gain Income or Tax relief

Having Capital Gains from sale of property or need to claim tax relief under Section 89? File your return with our Tax mentors.

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About This Plan

Select this plan if you have incurred a profit or a loss from sale of stocks or mutual funds or house property in addition to salary income. This plan is not for intra-day or derivative traders.

Services Covered

  • Tax filing for individuals with capital gains, ESOP or salary arrears
  • E filing of form 10e
  • Tax mentor assisted filing
  • Business Hours Expert Support - Email and Chat

Who Should Buy

  • Salaried Employees with ESOP in domestic companies
  • Salaried Employees/non salaried individuals with Capital Gains from Property/Stock
  • PSU Employees with salary arrears under OROP, 6th Pay Commission

How It's Done

Next step activities

  • Upload documents under order management - pending info navigating thru my account.
  • Review computation sheet prepared by our tax mentors.
  • Get ITR-V after e-filing

Information Guide

Documents To Be Submitted

  • Form 16 from your company
  • Additional Form 16
  • Form 26AS Tax Credit Statement
  • Copy of Aadhaar card
  • Capital Gain Statement
  • Bank statement if interest received is above Rs. 10,000/-

FAQs

  • What is a capital gain?
  • Any profit or gain that arises from the sale of a 'capital asset' is a capital gain. This gain or profit is charged to tax in the year in which the transfer of the capital asset takes place. No capital gains is applicable when an asset is inherited because there is no 'sale', only a transfer. However, if this asset is sold by the person who inherits it, capital gains tax will be applicable. The Income Tax Act has specifically exempted assets received as gifts by way of an inheritance or will.
  • What is a capital asset?
  • Any profit or gain that arises from the sale of a 'capital asset' is a capital gain. This gain or profit is charged to tax in the year in which the transfer of the capital asset takes place. No capital gains is applicable when an asset is inherited because there is no 'sale', only a transfer. However, if this asset is sold by the person who inherits it, capital gains tax will be applicable. The Income Tax Act has specifically exempted assets received as gifts by way of an inheritance or will.
  • What are long-term and short-term capital assets?
  • A capital asset held for not more than 36 months or less is a short-term capital asset. An asset that is held for more than 36 months is a long-term capital asset. For example, a house property held for more than 3 years is termed as a long-term capital asset, whereas equity funds are considered short-term when held for 12 months or less. Debt Funds are long-term assets when held for more than 36 months. It is important to find out the specific holding period applicable to your asset because it impacts how the capital gains will be calculated. Some assets are considered short-term capital assets when these are held for 12 months or less. This rule is applicable if the date of transfer is after 10th July 2014, irrespective of what the date of purchase is.The assets are: Equity or preference shares in a company listed on a recognized stock exchange in India Securities (like debentures, bonds, Govt securities etc) listed on a recognized stock exchange in India Units of UTI, whether quoted or not Units of equity oriented mutual fund, whether quoted or not Zero coupon bonds, whether quoted or not. When the above listed assets are held for a period of more than 12 months, they are considered long-term capital asset

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