How to show income from NRI sale of shares in ITR?
Page Contents
How to show income from NRI sale of shares in Income Tax Return ?
We are all aware that company income, rental revenue, and salary income are all taxable. What about earnings from the sale or acquisition of shares, though? Many stay-at-home moms and retirees make a living by buying and selling stocks, but they are unsure of how their earnings are taxed. Equity share sale profits and losses are reported under the heading “Capital Gains.”
Income is further divided into two categories under the heading “Capital Gains”:
- Short-term capital gains
- Long-term capital gains
Taxation of Gains from Equity Shares
- STCG -(Short-Term Capital Gains)
- LTCG -(Long-Term Capital Gains)
For query or help, contact: singh@carajput.com or call at 9555555480
More read for related blogs are:
Popular blog:
- All about the Income taxation on capital gain
- Provision-of-capital-gains-charts
- Govt needed to introduce changes in NSP Budget 2021
- All about the Income taxation on capital gain
- Deduction u/s 80CCD of Income Tax Act, 1961
- All about the Income taxation on capital gain
- Delay in the deposit of Employer provident fund during the lockdown
- Aware of the penalty of Section-234f for late filing of ITR
For query or help, contact: singh@carajput.com or call at 9555555480