I have made a short term capital gain by selling a land now what to do very first to save tax?
Ashim kr Ray (social service) (1691 Points)
01 June 2016Ashim kr Ray (social service) (1691 Points)
01 June 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 11 July 2016
No exemption available for Short term capital gains. it will be added to your income from other heads, and taxed as per your slab. you can take benifits of deductions under chapter VI A. Yes you have to file ITR and before that pay Advance tax liability.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)