Capital Gains Plan
Who should buy?
Individuals earning salary income from multiple employers
Having income/loss from multiple house properties
Income from other sources such as interest, commission, dividend etc up to any amount
Capital gains/losses on sale of Land/Building
Capital gains on sale of shares, mutual funds, Debt-oriented funds and other securities
Payment of filing fee
Team shall go thorugh the same and call/mail back with clarification.
Preparation of draft computation sheet
Filing of return and sending acknowledgement
Documents required( to the extent applicable)
Income tax portal credentials
Mobile No. & Emailid
Bank account number & IFSC
Part A & Part B of form 16
Housing loan statement
Details of House Property such as
Address with Pincode
Rental amount received
Municipal tax copy
Pan of Co-owner
Details of income from savings bank, Fixed deposits, Dividend income , Commission or any other income
For capital gains/losses on sale of land/Building
Date of purchase
Details of registration cost
Cost of improvements
Sale value/Stamp duty value
Expenses incurred in connection with sale
PAN & Address of the buyers
For capital gains on sale of shares & securities
Capital gains/Profit & Loss statement from Stock broker
Advanced Salary/HP Plan
Capital Gains Plan
Business Income Plan
Foreign Income Plan
Income Tax notice handling
FAQs Related to Capital Gains Plan
In simple terms it is the gain arising on sale of capital asset. Capital asset can be shares, securities, mutual funds, debt funds, Land, Building etc.
It depends on whether Capital gains is short term or long term. Different rates of taxes are applicable for short term and long term.
Yes. You cannot carryforward losses to subsequent years if you do not file return. These carryforward losses can be set off against gains made any in subsequent years.
Indexation benefit is only available for computation of long-term capital gains except in few cases. For Short term capital gains computation indexation benefit is not available.
Yes, belated return can be filed before the specified date. However, interest and late filing fee will be applicable and losses if any cannot be carried forward.
Yes. Income Tax department has allowed filing return within 24 months from the end of the assessment year for which the return is not filed. It is however subject to certain conditions.
Depends on the documents made available to us. Once all details are provided, we shall file within 2-3 days.
Yes. Notices received under Sec.143(1) & 139(9) will be attended to without charging any additional fee. For subsequent responses we will charge fee as per normal rates.