• Which ITR form should salaried employee use for capital gains (equity/crypto/invoice discounting)

Which ITR form should a salaried employee use to show capital gains(equity/crypto/invoice discounting) .Also to attach chalan 280 which i used throughout the year to pay capital gains tax.
Asked 20 days ago in Capital Gains Tax

- If there is no business income ITR-2 otherwise ITR-3. For detailed discussion you may call. There is no requirement to attach challan 280. Now all the date is imported into the ITR.

Vivek Kumar Arora
CA, Delhi
4279 Answers
428 Consultations

5.0 on 5.0

what is invoice discounting?

Well for salaried and capital gain from shares and crypto you need to file ITR 2.

You can read more here: https://www.taxontips.com/are-you-a-salaried-employee-and-also-earning-income-from-trading-in-stock-market-confused-as-to-which-itr-to-file-read-this/

 

No need to attach challan just mention the details of challan.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Naman Maloo
CA, Jaipur
3915 Answers
52 Consultations

5.0 on 5.0

Dear Sir,

 

ITR 2 is applicable for the same.

 

Also, you dont need to attache the challan just mention the details of challan while filing ITR.

Payal Chhajed
CA, Mumbai
5136 Answers
194 Consultations

5.0 on 5.0

Hello,

 

ITR-2 would be applicable for salary and capital gain income. With business income, ITR-2 would be applicable.

No need to attach the challan.

I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.

 

Regards,

CA Hunny Badlani

Badlani & Associates  

Hunny Badlani
CA, Madhya Pradesh
2588 Answers
12 Consultations

5.0 on 5.0

itr 2

Anuj Agarwal
CA, Aligarh
56 Answers

4.4 on 5.0

Hi

 

You may opt to file ITR 2.

 

 

Lakshita Bhandari
CA, Mumbai
5590 Answers
684 Consultations

5.0 on 5.0

ITR 2

Ruchi Goel Anchal
CA, Gurgaon
472 Answers
5 Consultations

5.0 on 5.0

Surcharge is applicable if your total income is more than 50 lacs.

 

Edu cess is 4% on tax amount.

 

You may opt to pay the entire tax due as basic tax in challan 280. It would get adjusted against due tax/cess liabilities.

Lakshita Bhandari
CA, Mumbai
5590 Answers
684 Consultations

5.0 on 5.0

Hi,

- Education cess is 4% on (tax and surcharge).

- Upto Rs. 50 lacs taxable income there is no surcharge. 

- In tax column fill basic tax amount, in education cess column fill education cess amount and in surcharge fill surcharge amount. If there is interest u/s 234A,234B and 234C fill it in interest column.

 

For detailed discussion you may opt for phone consultation.

 

Regards

Vivek Kumar Arora
CA, Delhi
4279 Answers
428 Consultations

5.0 on 5.0

Cess is 4% and surcharge depends on your total Income.

Naman Maloo
CA, Jaipur
3915 Answers
52 Consultations

5.0 on 5.0

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