Personal Tax Return

 

Taxpayers, deductors or collectors can pay taxes in cash/cheque at any designated bank branches- External website that opens in a new window by submitting the appropriate Challan- External website that opens in a new window. An online payment facility- External website that opens in a new window is also available.  Personal Tax Return  It's important to keep these taxes in mind whenever you sell an asset, especially if you have been dabbling in day trading online. First off, any profits you make are taxable. And second, you may have heard that capital gains are taxed more favorably than other types of income, but that's not always the case. As mentioned above, it depends on how long you owned those assets before you sold them.Capital Gains is an investment in a house property is one of the most sought out investments. The primary reason is to own a house, while others invest to seek a return upon the sale of the immovable property. A house property is a capital asset for income tax purposes. The gain or loss on the sale of a house property is taxable or allowed as a deduction in your income tax return. Similarly, capital gains or losses arise from different types of assets. We will discuss the chapter on ‘Capital gains’ here.Simply put, any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain.