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PIYUSH

Exempt LTCG u/s 10(38)...
Hi Amalan,
First i need to thank you..With the help of your videos , i have been filing my ITR for last 5 years by myself .

however, this is year i would need your help.
1) till now i been using ITR1
2) this year i had to mention Long Term Capital gain of Rs 45,000 . i was told to use ITR2 .
3)....
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PIYUSH
Hi Amlan,yes its LTCG . but there is no tax deducted . i purchased for 100000 in march 2016 and sold them in 145000 in march 2018 my excel sheet don't
show this option
Hi Amlan,yes its LTCG . but there is no tax deducted . i purchased  for 100000 in march 2016 and sold them in 145000 in march 2018   my excel sheet don't<br /> show this option
  • July 21, 2018
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PIYUSH
I hope you mean this . Sorry my mistake . Guess these sheets scare me more than anything
I hope you mean this . Sorry my mistake . Guess these sheets scare me more than anything <img src="http://makeknowledgefree.com/file/pic/emoticon/default/wink.png" alt="Wink" title="Wink" title="v_middle" />
  • July 21, 2018
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Shyam Balachandran

Exempt LTCG u/s 10(38)...
Hi Amlan,
I own shares of my company which is not listed in India. I have filed ITR-2 for the previous 2 years where I have declared my holdings in schedule FA. Last Financial year I sold some shares after holding them for 3 years. Can you help me calculate the tax payable with the on the profit afte...
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DIPAYAN

Exempt LTCG u/s 10(38)...
After 12 month if i redeem all equity basis sip then will it be call long term capital gain ? if yes then can i show the profit amount to the column of 10(38) long term capital gain ?

Or will i show it using "any other" field of exempt income reporting section of ITR 1 as shown in one of your vide...
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Amlan Dutta
As long as one doesn't redeem(sell) the units , there is no gains and no question of taxation ...Presently , you should know that at present long-term capital gains (LTCG) on non-tax saving equity funds only uptil Rs 1 lakh are tax-free in your hands. LTCG in excess of Rs 1 lakh is taxed at the ra...
  • June 24, 2018
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DIPAYAN
thank you very much.
  • June 24, 2018
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Gaurav gupta

Exempt LTCG u/s 10(38)...
Sir ltcg income after 3 year is 20000 in equity mutual fund this is non taxable exempt income show in itr1 my people say fill itr2
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Amlan Dutta
Show it under exempt income for reporting purpose in ITR 1 using 10(38) section ...check attached picture.....
Show it under exempt income for reporting purpose in ITR 1 using 10(38) section ...check attached picture.....
  • June 23, 2018
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