- Capital gain is an important concept in finance that refers to the profit earned from the sale of an asset, such as stocks, real estate, or other investments.
- It is calculated as the difference between the selling price of the asset and its original purchase price. Understanding capital gains is crucial for investors as it can have tax implications and impact overall investment returns.
- Properly managing capital gains can help investors maximize their profits and achieve their financial goals.
To file your Indian income tax return with the Income-tax Department of India, follow these quick instructions to easily calculate your long-term or short-term capital gains without signing in to myITreturn.com.
Step 1: Navigate to myITreturn.com & go to Important Tools
Step 2: Go to Shares and Securities Data importing tool for Income-Tax Filing
Import your broker's Capital Gains statement for the system to auto-read all details and prepare the tax filing form.
Step 3: Summary of data
You can review your imported data & Click on the Download button & proceed with tax filing.
Review the summary of your income and file your return with ease.
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