Tax on capital gains from share market

Deal Subedar

When to file itr for earings from share market? How to know exact earning at the time of filling itr?

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Pro Entertainer Pro Entertainer
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Last date without penalty is 31st July.

Download P&L and capital gains statement from Broker's app.

Deal Subedar Deal Subedar
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I just started since april this year. I have stcg bcoz i hv sold shares. Do i need to file itr before 31 july this year?

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Commentator Commentator
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ITR by 31-Jul-2024 is for the previous Financial Year which is 1-Apr-2023 to 31-Mar-2024 which gets assessed in 2024 so the Assessment year is 2024-2025 (FY will be AY-1year)

if you have started trading from 1-Apr-2024 then tax filing is to be done by next July 2025 for FY 2024-2025 (AY 2025-2026)

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