Individual Tax Filing – Income from Capital Gains

Have you earned Capital Gains Income on Sale of

  • Immovable Properties (Residential Flat, Commercial Property or Plot of Land)
  • Shares / Units of Mutual Funds / Securities or Bonds
  • Need Advice on How to save Capital Gains?
Your Details

Individual Tax Filing – Income from Capital Gains

India Kickstart team can easily file your Capital Gain Returns or avail our expert opinion on Capital gain transaction at convenience.
All your worries on Complex Capital Gains will be handled by India Kickstart experts at just a click away.
Get your queries answered with our unique offering of consultancy on Call, first time ever by any online platform.

PROCESS TO FILE YOUR RETURN WITH US:
We will file your return in 5 working days time from receipt of complete documents.

  • Select and Buy a Plan
  • Dedicated CA assigned to you
  • Send documents over e-mail
  • Our expert CA will prepare and review your return
  • Return Filing with Income Tax Department
  • Final Tax Return Form, Acknowledgement, Computation and XML will be provided to you

Check out our exclusive Packages tailor-made to your requirements.

1)Consult on Call

Rs. 999/-
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-Individuals having Capital gains income on sale of Property or Shares and Mutual Funds looking for Expert opinion from Chartered Accountants.
-Complete Consultancy on Capital Gain Transaction to your satisfaction
45 Minutes on Call Consultancy with our expert CA
– Discussion on fact of the case of Sale of Asset, Ownership, period and considerations
– Expert Opinion on Capital Gains implications and Taxation conditions
– Advising on Investment options, timelines, and exemptions with tax savings

2) File Income Tax Return from Capital Gains

Rs. 1799/*-
BUY NOW
– Income Tax Filing for Capital Gains for Individuals
– CA Assisted Fiing, Review and planning
– Complete Advisory for Capital gain exemptions / deductions and timelines

FAQ on Capital Gains

A. 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 sale of the capital asset takes place.
Capital gains applicable only on sale of asset. If the asset is transferred by way of gift or inheritance, it is not regarded as sale and thus no capital gains. However, subsequently when such inherited or gifted asset is sold, capital gain would be applicable.

A. Capital asset is wider definition as per income tax act and includes primarily:
– all kind of immovable properties, flats, plot of land
– all rights in Ownership of properties
– movable assets including Jewellery and Ornaments made of precious metals,
– Drawings, paintings, archaeological collections, sculptures or work of art
– Shares, Securities, Units of Mutual Fund, Bonds etc.
Capital asset excludes Agricultural Land situated in Rural Area, Stock in Trade held for business purpose, personal effects (including furniture, wearable) held for personal use by individual.

• Period of holding of asset determines whether asset is short term or long term and accordingly taxation varies under both the scenarios
• 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.
• However, In case of specific assets they are considered as Short Term if period of holding is less than 12 months viz. :
o Equity Shares or preference shares in a company listed on recognised stock exchanges
o Units of Equity oriented mutual funds in India
o Securities (govt. securities, bonds) listed on stock exchanges
o Zero coupon bonds ( whether listed or unlisted)
• If period of holding is above 12 months, it is considered as “Long term Capital Asset”.

• Short Term Capital Assets are taxed at Normal Income and added to income of Individuals at slab rates in all the cases where securities transaction tax is not paid.
• For Short Term Capital assets where STT is being paid, they are taxed at Flat Rate of 15% (plus surcharge and applicable ed. cess)
• Long Term Capital Assets with Indexation benefits are taxed at flat 20% (plus surcharge and applicable ed. cess).
• Long Term Capital asset where STT has been paid are exempt from Tax.

Documents required for Capital Gain Return Filing

Copy of PAN Card

Copy of Aadhaar Card/ Voter identity card / Driving License

1 year Bank Statement

Any other documents as per fact of the case

Capital Gain investment documents(CAGS Bank Account Statement, Agreement Copy of Purchase, Contract Notes/ Shares statement)

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Call us or fill up enquiry form to get contacted by our experts in less than 24 hours time.

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