New taxation rule is in talk once again and so I would like to point you to one of my article where I shared How New tax Code can Impact us?
New taxation rule is in talk once again and so I would like to point you to one of my article where I shared How New tax Code can Impact us?
Share your views on the New Direct Tax Code in comments.
Hi Shabbir,
I have a query regarding paying tax. I am told I have to pay a capital gains tax of 10-15% on the profit made in selling shares if I sold my shares before 1 year of it being bought.
My query is this …
What is the procedure for paying the tax ? Since the profit I got is only a few 1000s (5500 to be exact) – Is there any easy way of paying the capital gains tax for this amount ?
When should I file my tax returns ? – Year end ?
Should I approach someone or will my bank deduct it automatically ?
Thanks
You can file your tax at the end of the fiscal and you can pay your tax online as well. Check out http://www.incometaxindia.gov.in/
Hi Shabbir,
Thanks a lot for the link. It is really informative. I will go through it.
Do you know how much a Chartered accountant will charge for filing my tax returns ? I am a bit hesitant in approaching a CA for such a small amount.
Is it easier to do it myself? This is my first time.
Filing tax returns is voluntary right ? So what proof should I provide for the shares I sold while filing tax ?
Sorry for so many questions. 🙂
Anyway between 2 to 5 hundred.