Capital Gains - Pro Plan
File your Income Tax return with Tax Experts. Claim your tax benefits under Section 80C and other applicable sections.
About this plan
Choose this plan if you’ve earned a profit or loss from selling stocks, mutual funds, or any movable or immovable assets in addition to your salary income.This plan is ideal for investors, and ensures accurate tax filing.
Services Included
- Tax filing for individuals with capital gains from Indian listed shares, mutual funds, fixed assets, etc., or salary arrears.
- Expert-assisted tax filing.
- E-filing of Form 10E (if applicable).
- Expert support via email and phone during business hours.
- A dedicated relationship manager for smooth service fulfilment.
Who Should Buy
- Salaried employees who have sold ESOPs from Indian companies.
- PSU employees with salary arrears under OROP or the 6th Pay Commission.
- Salaried or non-salaried individuals who have sold property or stocks and earned gains/losses.
- Remark: If you had capital losses in previous years, inform our expert for tax optimization. Additional documents may be required.
How It’s Done
This plan offers a fully digital, hassle-free process with expert assistance.
5 Days Estimate
Documents Required
- Form 16 (Part A, Part B & Annexure to Part B)
- Form 26AS for FY 2024-25 (if available)
- Capital Gain Statement / Tax P&L Statement
- Bank statement for FY 2024-25
- Annual Information Statement (AIS)
Frequently Asked Questions (FAQs)
What is a capital gain?
A capital gain is the profit earned when a capital asset is sold for a price higher than its purchase cost. This profit is taxable in the financial year in which the sale occurs.
However, no capital gains tax applies when an asset is inherited, as inheritance is considered a transfer, not a sale. But if the inheritor later sells the asset, capital gains tax will be levied. The Income Tax Act exempts inherited or gifted assets from taxation at the time of transfer, but any subsequent sale is taxable.
What is a capital asset?
Capital assets include land, buildings, houses, vehicles, patents, trademarks, machinery, and jewellery. It also covers rights related to an Indian company, such as management or control rights.
The following are not considered capital assets:
- Stock, raw materials, or consumables used in business
- Personal items like clothes and furniture
- Agricultural land in rural areas
What are long-term and short-term capital assets?
- A short-term capital asset is held for 36 months or less (12 months for certain financial assets).
- A long-term capital asset is held for more than 36 months (more than 12 months for specific assets like listed shares and mutual funds).
How are capital gains taxed?
- Long-term capital gains (LTCG): Taxed at 12.5% + surcharge & cess.
- Short-term capital gains (STCG):
- Listed equity shares and equity-oriented mutual funds:
- Short-Term Capital Gains (STCG) on listed shares and equity-oriented mutual funds are subject to a concessional rate of 15% till transfer made on or before 22nd July, 2024. From 23rd July, 2024 onwards this rate has been increased to 20%.
- Other assets ( such as real estate, land, unlisted shares, etc.):
- STCG is taxed at normal slab rates applicable to the taxpayer
What is relief under Section 89(1)?
If you receive delayed salary payments or pension arrears, you may have to pay higher taxes. Section 89(1) provides tax relief to avoid excessive tax burdens due to delayed income.
What is Form 10E and when is it required?
Form 10E is mandatory for taxpayers who want to claim relief under Section 89(1).
Since the financial year 2014-15 (the assessment year 2015-16), the Income Tax Department has required electronic submission of Form 10E before claiming relief. If you claim relief under Section 89(1) without filing Form 10E, your relief may be denied, and you could receive a tax notice.
What is the due date for filing tax returns?
Individuals must file their Income Tax Return (ITR) by 31st of JULY of the following financial year. For example, for income earned in FY 2024-25, the return must be filed by July 31, 2025.
What is income from house property, and how is it taxed?
Income from house property includes:
- Rent received from a rented property.
- Deemed rental income from a second property (even if not rented out).
- Self-occupied property, which has no taxable income.
Deductions are allowed for municipal taxes and loan interest under Section 24.
Can I file a revised return to correct mistakes?
Yes, a return can be revised within one year from the end of the relevant assessment year or before the assessment is completed, whichever comes first.
Can I file a return after the due date?
Yes, a belated return can be filed before the end of the assessment year (e.g., for income earned in FY 2019-20, you can file a belated return until March 31, 2021).
How long should I keep a copy of my tax return?
Tax records should be kept for at least 6 years, as tax authorities can initiate proceedings within this period. In certain cases, proceedings can be initiated even later.
Do I need to attach TDS details or investment proofs while filing ITR?
No, ITR forms do not require attachments. However, keep these documents for future reference in case of tax inquiries or assessments.
Are audit and financial statements covered in the tax filing plan?
No, audit and financial statement preparation are not included in the plan.
Is revised return filing covered under the plan?
If incorrect information was provided in the original return, filing a revised return is not covered under the plan.
What is the cancellation/refund policy?
Refunds are only available if no tax expert has been assigned. Please check our Terms of Use for details.
What happens if my return is not filed before the deadline?
If your return is not filed before the deadline, you may have to pay a penalty of up to ₹5,000, which will be borne by you. We are not responsible for this penalty.
Who bears the penalty if I file a belated return?
If you file a belated return, any penalty (up to ₹5,000) will be your responsibility. We do not cover this penalty.