e-Filing for AY 2023-2024 has stopped. ITR-U is now live on TaxCloud for the periods AY 22-23, AY 21-22 and AY 20-21

IT Return of   Individual AY 2023-2024

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Income From Capital Gains

Did not sell any assets?

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Did your client sell any asset (Mutual Funds, shares, property, house, land, building, etc) between the period of April 1, 2022 to March 31, 2023?

Note: Along with capital gains, we also auto-process Intra-day trading and F&O trading transactions from your capital gains statements. Post processing, you can go to Business & Profession page to check this data and edit.


For people with lot of share trading activity

Click here to read on what to do when you have a lot of share trading activity

If you have a lot of share trading activity (e.g. if you are a day trader with lots of activity or if you trade regularly in Futures and Options), the Income Tax Department classifies this as a Business Activity. In that case, you need to file an ITR-3 and show the Profit / Loss from the share trading under the head "Income from Business and Profession".

If you have share trading activity and you want to declare that under the head "Income from Capital Gain", you can specify just the aggregate Capital Gain / Loss value of the whole financial year. We have described the steps below.

Share trading falls in 4 separate categories:

  • Long Term STT Paid
  • Short Term STT Paid
  • Long Term STT not paid
  • Short Term STT not paid

STT paid and Not-STT paid have different taxation rate, so you have to handle each case separately.

For example: Lets say you have Short Term STT paid share sale, then you need to create one entry in Short Term STT Paid Shares:

  • If you have Net Capital Gain in the financial year in Short Term STT Paid, then just specify the profit in the Sale Price and Zero in the purchase price.
  • If you have Net Capital Loss, then just specify Zero in Sale Price and the amount of Loss as the purchase price. We will automatically make this a loss, as sale price is lower than the purchase price.

In total, you may have to make 4 such entries to cover all the cases listed above. Please contact us if you have any questions.