Home > Income Tax > Service Plans > Capital Gains Income Tax Filing Service PlanLast Updated: Dec 11th 2024
The documents / information listed below are based the sources of income you have for a specific FY. Some of them are optional.
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A comprehensive list of frequently asked questions on Capital Gains IT Filing.
Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short-term or long-term and must be claimed on income taxes.
Until 23rd July 2024: Any asset owned by an individual (taxpayer) for less than 36 months since the date of transfer/ownership is referred to as a short-term capital asset. This duration should be less than 12 months in case of shares and 24 months in case of Immovable Property. Gain earned by an individual in lieu of transfer of a short term capital asset is termed as short term capital gain.
W.e.f 23rd July 2024: Any asset owned by an individual (taxpayer) for less than 24 months since the date of transfer/ownership is referred to as a short-term capital asset. This duration should be less than 12 months in case of shares . Gain earned by an individual in lieu of transfer of a short term capital asset is termed as short term capital gain.
Until 23rd July 2024: Any asset owned by an individual (taxpayer) for more than 36 months since the date of transfer to his/her name is treated as a long term capital asset. This duration is taken as 12 months or more in case of shares and 24 months or more in case of Immovable property. Gain earned by an individual in lieu of transfer of a long term capital asset is termed as long term capital gain.
W.e.f 23rd July 2024 :Any asset owned by an individual (taxpayer) for more than 24 months since the date of transfer to his/her name is treated as a long term capital asset. This duration is taken as 12 months or more in case of shares . Gain earned by an individual in lieu of transfer of a long term capital asset is termed as long term capital gain.
You can send the soft copies of the required documents to support@eztax.in or upload the documents on EZTax.in ITR App.
It is nothing but your income tax computation sheet prepared by EZTax. In other words, it is a summary of your income tax computation details with all the details given along with the computation of tax. Also provide tax optimisation recommendations to plan for the next year.
After receiving draft from EZTax.in through mail, you can revert to that mail with your opinion to proceed further.
ITR-V stands for Income Tax Return Verification Form. You will receive ITR-V when you file your Income Tax return online.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.