Capital gains, whether from property investments or share trading, have an important impact on your financial aspect. Understanding the taxation of these gains and their consequences in your Income Tax Return (ITR) is dominant.
You need to report correct data to Income Tax Department to calculate your capital gains from both property and shares. Any mistakes or lapse can lead to tax notices and penalties.
Use the Appropriate ITR Form: Depending on the nature of your income, select the correct ITR form, such as ITR-2, to report capital gains from property and shares.
In your ITR, capital gains must be meticulously documented. Reporting these gains exactly is essential to avoid legal complications and optimize your tax liability.
If you are engaged in property investment, your ITR should reflect capital gains exactly. If you invest that money (capital gain) in any new property, Income Tax Department will give you exemption and you are not to pay tax on that. So make sure whether invest in new property or open a capital gain Bank account and keep that capital gain amount in that Bank account to get exemption from income tax.
Please note below percentage of Capital Gains.
Tax Type Condition Applicable Tax Long-term capital gains tax (LTCG) Sale of: - Equity shares - units of equity oriented mutual fund 10% over and above Rs 1 lakh Other 20% Short-term capital gains tax (STCG) When Securities Transaction Tax (STT) is not applicable Normal slab rates When STT is applicable 15%.
Disclaimer: Information can be different when you are landing on our website so better to call us and get updated information.
If you are a director of any company and an individual invested in unlisted equity shares of a company, you must file returns in ITR-2.
Do you need ITR filing guidance for shares and property, Taxation of capital gains in ITR or want property investment tax returns. If yes, call us on 📞 +91-9719586772 or write us on info@sktaxlawfirm.com
Sector-88B |
Sector-26 |
Sohna Sector-4 |
Civil Lines |
Sector-88A |
Sushant Lok I |
Sector-97 |
DLF Phase 1 |
Sector-82 A |
DLF Phase 2 |
Sector-91 |
Haley Mandi |
Sector-99A |
Sector-6 |
Sector-8 |
Jhajjar Road |
Sector-89A |
DLF Phase 4 |
Sector-80 |
MG Road |
Sector-81 A |
Sector-95 |
Sector-49 |
New Colony |
Manesar |
Sector-52 A |
Sector-82 |
New Gurgaon |
Sector-95A |
Sector-44 |
Sector-79 |
New Palam Vihar Phase 1 |
Sector-95B |
Sector-38 |
Sector-78 |
Maruti Kunj |
Pataudi |
Sector-32 |
Sector-75 |
Laxman Vihar |
Sohna |
DLF Phase 3 |
Sector-76 |
Jyoti Park |
Mankrola |
Sector-40 |
Sector-77 |
Khandsa road |
Garhi Harsaru |
Sector-60 |
Sector-83 |
Krishna Colony |
Bissar Akbarpur |
Palam Vihar Extension |
Sector-84 |
Sector M-4 |
Budhera |
Sector-26 A |
Sector-9 |
Sector M-5 |
Sector-72 |
Sector-61 |
Sector-9 A |
Sector-30 |
Sector-7 |
Ashok Vihar Phase II |
Sector-9 B |
Ashok Vihar |
Sector-70 |
Sector-94 |
Sector-89 |
Sector-33 |
Sector-71 |
Sector-66 |
Sector-88 |
Sector-34 |
LOCALITY |
Palam Vihar |
Sector-85 |
Sector-3 |
Sector-63 |
Sector-21 |
Sector-86 |
Sector-29 |
Sector-56 |
Ashok Vihar Phase III |
Sector-87 |
Sector-24 |
Sector-57 |
Sector-110 |
Sector-74 A |
Sector-25 |
Sector-58 |
Sector-110 A |
Sector-31 |
Sector-27 |
Sector-51 |
Sector-106 |
Sector 63A |
Sector-28 |
Sector-55 |
Sector-3 A |
Sector 67A |
Sector-35 |
Sector-53 |
Sector-107 |
Sector M-1 |
Sector-36 |
Sector-54 |
Sector-10 A |
Sector M-1 A |
Sector-42 |
Sector-59 |
Sector-37 A |
Rajendra Park |
Sector-43 |
Sector-50 |
Sector-37 C |
Pawala Khasrupur |
Sector-45 |
Sector-65 |
Sector-37 B |
NH 8 |
Sector-46 |
Sector-67 |
Sector-93 |
Nirvana Country |
Sector-41 |
Sector-64 |
Sector-108 |
Palam Farms |
Sector-4 |
Sector-52 |
Sector-102 |
Patel Nagar |
Sector-37 |
Sector-5 |
Sector-111 |
Sector M-1 B |
Sector-37 D |
Sector-62 |
Sector-92 |
Sector M-1 C |
Sector-39 |
Sector-69 |
Sector-101 |
Sector M-14 |
Sector-23 |
Sector-81 |
Sector-47 |
Sector M-15 |
Sector-22 |
Sohna Sector-14 |
Sector-23 A |
Sector M-16 |
Sector-10 |
Sohna Sector-17 |
Sector-68 |
LOCALITY |
Sector-104 |
Sohna Sector-2 |
Sector-100 |
Sector M-3 |
Sector-109 |
Sohna Sector-25 |
Sector-96 |
Sector M-13 |
Sector-11 |
Sohna Sector-11 |
Sushant Lok Phase 3 |
Sector M-12 |
Sector-1 |
Sohna Sector 32 |
Gwal Pahari |
Sector M-1 D |
Sector M-9 |
Sector-99 |
Sector-105 |
Sector M-10 |
Sector M-6 |
Shivpuri |
Sector-98 |
Sector M-11 |
Sector M-7 |
Sohna Road |
Sector-73 |
New Palam Vihar Phase 3 |
Sector M-8 |
Sohna Sector-33 |
Sector-114 |
New Palam Vihar Phase 2 |
Sector-12 |
Sohna Sector-34 |
Sector-74 |
Farukh Nagar |
Sector-12 A |
Sohna Sector-7 |
Sector-103 |
Golf Course Extn |
Sector-18 |
South City |
Sector-103A |
Golf Course Road |
Sector-19 |
Sultanpur |
Sector-90 |
Gurgaon-Faridabad Road |
Sector-2 |
Sushant Lok Phase 2 |
Sector-70 A |
Dwarka Expressway |
Sector-20 |
Sohna Sector-6 |
Sector-115 |
DLF Phase 5 |
Udyog Vihar Phase I |
Sohna Sector-5 |
Bhondsi |
Ashok Vihar Phase 1 |
Udyog Vihar Phase II |
Sohna Sector-35 |
Sector-113 |
Choma |
Udyog Vihar Phase III |
Sohna Sector-36 |
Sector-112 |
Sector-14 |
Udyog Vihar Phase IV |
Sector-48 |
Sector-15 |
Sector-17 |
Udyog Vihar Phase V |
Sector-16 |
Sector-13 |
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