ITR 2 Filing Online 2024-25 in Kannada| How to Fill itr 2 | Capital Loss | Capital Gains | Shares

Who should file ITR 2

total income includes salary/pension.
income from more than one house property.
income from capital gains (both short-term and long-term) on the sale of shares, mutual funds, or other capital assets.
income from other sources such as interest and dividend income.
You do not have income from profits and gains of business or profession.

Types of Share Market Income

Short-Term Capital Gains (STCG): Gains from the sale of equity shares or equity mutual funds held for less than 12 months, taxed at 15%.
Long-Term Capital Gains (LTCG): Gains from the sale of equity shares or equity mutual funds held for more than 12 months. Gains exceeding INR 1 lakh are taxed at 10% without the benefit of indexation.

Tax Rates: Apply 15% for STCG and 10% for LTCG exceeding INR 1 lakh.

Due Date: July 31, 2024, for individuals not requiring audit.

Late Filing: File a belated return by December 31, 2024, with applicable penalties.
Conclusion

Filing ITR 2 for share market income requires thorough documentation and accurate reporting of transactions. Ensure that you adhere to the filing process and deadlines to avoid any issues. Properly managing your records and following the steps outlined will help you file your income tax return smoothly for AY 2024-25.
ITR 2 Filing Online 2024-25 | How to Fill itr 2 | ITR 2 Capital Loss | Salary and capital gain itr

File ITR With Share Capital Gain | How to File | ITR For Share Market Income | itr 2 | Capital Gain

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