🧾 What is Capital Gains Tax Filing?
Capital Gains Tax arises when you earn profits by selling assets like stocks, mutual funds, real estate, gold, or cryptocurrency. The gain must be reported in your Income Tax Return under Capital Gains schedule.
This requires accurate:
- Cost inflation index adjustment
- Holding period classification (short-term/long-term)
- Deduction and exemption planning
- Use of appropriate ITR form (ITR-2/ITR-3)
✅ Who Should File Capital Gains Tax?
| Asset Sold | Tax Applicable | ITR Form |
|---|---|---|
| Stocks (listed) | STCG/LTCG | ITR-2 |
| Mutual Funds | STCG/LTCG | ITR-2 |
| Property | Capital Gains | ITR-2/3 |
| Land/Plots | Capital Gains | ITR-2/3 |
| Unlisted Shares | LTCG/STCG | ITR-2 |
| Crypto/Virtual Assets | Special Tax Rate | ITR-2 |
📑 Documents Required
- PAN, Aadhaar
- Sale deed or contract note
- Purchase invoice or agreement
- Demat account transaction statement
- Form 26AS & AIS
- Proofs for capital gain exemption (if applicable)
- Property indexation sheet (if sold after 2 years)
- Bank statement for asset sale proceeds
🛠️ Services Included
- Classification of gains (STCG/LTCG)
- Indexed cost and net gain computation
- Calculation of exemption eligibility (54, 54EC, 54F, etc.)
- ITR-2 or ITR-3 form preparation
- Advisory on set-off and carry forward
- Filing with verification & refund tracking
- Optional: Audit reports and CA certification (if needed)
📋 Process & Timeline
| Step | Task | Timeline |
|---|---|---|
| 1️⃣ | Data and documents review | Day 1 |
| 2️⃣ | Gain classification & computation | Day 2 |
| 3️⃣ | ITR preparation and validation | Day 3 |
| 4️⃣ | Online submission & e-verification | Day 4 |
🕐 Total Time: 3–4 Working Days
📌 Key Points
- LTCG on stocks above ₹1 lakh taxable at 10% (Sec 112A)
- Property sale gains taxable at 20% after indexation
- Crypto gains taxed at 30% with no deduction
- Capital losses can be carried forward for 8 years
- Exemptions available under Section 54, 54F, 54EC
💡 Why Choose SITPakz Solution (SSPL)?
- ✅ CA-supervised capital gain planning
- 📊 Accurate indexation and exemption application
- 💼 Special handling of high-value transactions
- 🔐 100% secure document management
- 🧾 Advisory for real estate, stocks & digital assets
💬 Frequently Asked Questions (FAQs)
Q. Do I need to file ITR if I only sold shares with gain under ₹1 lakh?
➡️ Yes, if total income exceeds exemption limit or if TDS is deducted.
Q. Can I claim exemption if I reinvest in another property?
➡️ Yes, under Sec 54 or 54F, subject to conditions.
Q. Are crypto losses allowed to be set off?
➡️ No. Losses from crypto cannot be set off or carried forward.
Q. Can I file ITR-1 with capital gains?
➡️ No. ITR-2 or ITR-3 is required.