Today news
About the same in other media
Income Tax Return: Along with tax on gains, software compatibility issues bother equity, MF investors
Reading now: 536
Following the introduction of Section 112A, after the long-term capital gain (LTCG) on equity is made taxable, apart from paying 10 per cent tax on such gains over Rs 1 lakh in a financial year, filing the Income Tax Return (ITR) has become a headache for the equity and equity-oriented mutual fund (MF) investors.
As the 112A page in the ITR Forms (except ITR 1 and ITR 4) demands investment related details against every redemption, filing the return of income has become a daunting task for the investors investing especially through the SIP (systematic investment plan) route.
This is because, in case an investor having monthly SIP in 10 equity-oriented MF schemes for the last 11 years redeems all the investments in a financial year, except the
Read more on financialexpress.comAbout this in other media
ITR Filing: Taxpayers now need to give a quarter-wise breakup of dividend income – Here’s why financialexpress.com /2 years ago
High-Income Business Owners Escape $10,000 Tax Deduction Cap Using Path Built by States, Trump Administration wsj.com /2 years ago
How P2P platforms enable income generation through higher return financialexpress.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
