FY23-24: How to report long-term capital gains in the income tax return?

I have capital gains on the sale of equity shares and mutual funds I bought in 2020. Which ITR form should I choose, and where should I report these gains in the ITR? For listed domestic shares and mutual funds, if the holding period exceeds 12 months, the gains are considered long-term. Since the shares […]

Content, Quicko
12 Jul 2024

FY23-24: Do You Have Losses from Trading? Here Are the Set-Off and Carry Forward Provisions

Could I offset my trading loss with the profits I earned on my long-term stocks and mutual funds holdings? What are the set-off rules for trading loss? Let’s first understand how income from different transactions is classified. F&O trading is classified as a non-speculative business, while intraday trading is treated as a speculative business. Further, […]

Content, Quicko
28 Jun 2024