I am a pensioner and in 5% tax slab. Short term capital gain in Debt funds to be treated as other income and tax paid as per slab. Long Term Capital Gain in Equity Funds in excess of one lakh to be taxed 10%. I will have both of these gains in current FY. How do I pay 2 different taxes at different rates and which ITR Form should be used?
1 Answers
Hi,
Depending on the type of income (Salary, Capital Gains etc) the tax liability is calculated accordingly when filing your taxes through e-Filing portal (Excel or java utility).
Every year the IT dept notifies the ITR forms during April month.
You may kindly go through the below article to have an idea about the ITR forms (FY 2017-18).
Related articles :
Please login or Register to submit your answer