Are you planning to sell property or engage in share trading? It becomes very important for you to understand the tax consequences and ensure proper Income Tax Return (ITR) filing. In this guide, we will explore the particulars of property sale ITR filing, capital gains tax on property sale, and share trading ITR filing.
Selling a property can be a profitable financial move, but it's important to understand tax responsibilities. Property sale ITR filing involves reporting your gains and ensuring compliance with tax laws.
Capital Gains: The profit made from selling property is considered as capital gains. It is further divided into two parts, short-term and long-term gains based on the holding period.
Short-Term Capital Gains (STCG): If you have held the property for less than two years, it is considered short-term and STCG is subject to regular tax rates.
Long-Term Capital Gains (LTCG): Holding the property for over two years is considered as long-term. LTCG is taxed at a lower rate and provides exemptions under specific conditions.
As per rule you need to file ITR 2 to declare your capital gain.
Capital gains tax is a significant component of property sales. Here is what you need to know:
Short-Term Capital Gains Tax: STCG on property sale is typically added to your overall income and taxed at your applicable income tax slab rate.
Long-Term Capital Gains Tax: LTCG is subject to a flat tax rate after indexation benefits. The indexation factor adjusts the purchase price for inflation, reducing your taxable gains.
Exemptions: Some exemptions, such as investing in another property or specified bonds, can help to reduce your capital gains tax liability. Please call us for more clarification.
Income from Share Trading: Income made from share trading, including capital gains, is taxable. You need to maintain detailed records of your transactions.
Navigating property sale ITR filing, capital gains tax on property sale, and share trading ITR filing requires careful reflection of tax laws and regulations.
If you are looking for ITR 2 filing service in Gurgaon or Gurugram and nearby area, please call us on 📞 +91-9719586772 or write us on info@sktaxlawfirm.com.
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 |
|
|