CALCULATION OF SHORT TERM CAPITAL GAIN TAX:-
WE HAVE TO FILE ITR2 TAKE VALUE OF GOVERMENT GUIDIANCE OR ACTUAL WHICH EVER IS HIGHER-LESS DEDUCTION U/S 48 1.COST OF PURCHASE+COST OF INPROVEMENT+LEGAL EXPENCES+INTEREST ON LOAN TAKEN FOR PURCHASE OF ASSET=AMOUNT TAXABLE-DEDUCTION AS PER CHAPTER VIA AND EXEMPTION LIMIT.
WE HAVE TO FILE ITR2 TAKE VALUE OF GOVERMENT GUIDIANCE OR ACTUAL WHICH EVER IS HIGHER-LESS DEDUCTION U/S 48 1.COST OF PURCHASE+COST OF INPROVEMENT+LEGAL EXPENCES+INTEREST ON LOAN TAKEN FOR PURCHASE OF ASSET=AMOUNT TAXABLE-DEDUCTION AS PER CHAPTER VIA AND EXEMPTION LIMIT.
Thanks for sharing capital gain tax. The purpose of tax laws is to ensure that a government can generate enough income to pay for the public goods sought by its citizens. You can also check out about E Filing India Income Tax here.
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