return file for shares long term capital gain

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  1. rams19

    rams19 New Member

    I am having 10 L worth of shares
    for more than 2 years . If I sell it
    I have a long term capital gain of 3 L.
    Since there is no tax should I show
    this in the return

  2. Amit Sahni

    Amit Sahni Active Member

  3. rams19

    rams19 New Member

    Dear am it thanks.

    suppose I book a profit today can I file it online today itself? Or I should wait for next financial year.

    Can I do the filing whenever I book the profit. Let me say two to three times a year.

  4. Parul_Gupta

    Parul_Gupta Active Member

    The income tax return is only filed once every year.

    It is filed at the end of the year.

    So profit arising during the whole year is disclosed only once at the end of the year.
  5. rams19

    rams19 New Member

    Dear akanksha
    for exempted income for fy 2016 to be filed from Apr 2016 but before July 2016?
  6. Parul_Gupta

    Parul_Gupta Active Member

    If exempted income is earned in FY 2015-16, the ITR for the same would be filed in July 17
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