If the salaried Taxpayee earned some amount on their income as part of Short or Long Term capital gain. Thus the following steps to solve the problem of calculation of Tax on Capital Gain i.e. Count Net taxable short or Long Term capital gain first and then must reported it to employer to include it in Form No. 16. Even if it is not reported or included in Form No. 16, you can consider the same & pay the tax on it while filing your income tax return as well as Short or Long Terms Capital Gain is required to be shown in “Schedule-TI”, “Schedule-CG” in the ITR-2. It is taxable at a special rate of 15% u/s 111A of the Income Tax Act -1961 even though your other income remains in the tax slab of 10%.
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