Dear Sir,
One of my client has earned income through capital gain from American stock market. What is the way of computing Taxable income as per Indian law for capital gain from abroad.
Please help me in this matter.
Regards,
Divyesh Jain
Bonds on which STT is not paid held for long term period are taxable @ 20% with indexation benefit
However in ITR 2 under capital gains "Bonds or debenture (other than capital indexed bonds issued by Government" cost of acquisition without indexation is specified.
My question is how to show Cost of Acquisition with indexation ?
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All figures even though given correct as well as are tallying still I get error 50 hence cannot submit ITR2. can anyone help as its frustrating experience. I suspect this error is thrown as income tax site yet not stable has internal logical errors . error message is Sum of income u/s 111A or section 115AD(1)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid) & Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15% in schedule SI should be equal to corresponding income as per schedule BFLA
Answer nowRespected Sir,
26-AS of an individual is showing section 206CQ related with TCS collected and TCS deposited as per 16-AS total amount paid is as of Rs 2,23,223.
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LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
Capital gain through American stock market