• This is a notice issued under Section 133(6) of the Income Tax Act, 1961: As per the Act, you are required to respond within 10 days of receiving this notice.

Capital Gains Tax Filing Services Online

Simplify Capital Gains Tax Filing with E-Filing Buddy – Expert Guidance for Accurate and Effortless Tax Filing. Documents Required:
Real Estate Transactions
Stock Market Investments
Other Capital Assets
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Work Process

How We Work

01

Document Collection

Start by collecting all the required documents for your capital transactions.

02

Acknowledgment

After filing, make sure to verify your return and keep the acknowledgment from the IT Department safely.

03

Filing the Return

With E-Filing Buddy's expert help, report your capital gains correctly under the right section of your tax return.

04

Calculation of Gain or Loss

Identify whether your gain or loss is short-term or long-term by evaluating the asset's holding period.

Checklist

Documents Required

Real Estate Transactions: Purchase and sale agreements of the property.
Stock Market Investments: Capital gain statements for the financial year.
Other Capital Assets: Documents detailing the purchase and sale of the asset.

Service

What's included

Thorough Document Review: Before moving forward, we meticulously examine all your documents to guarantee accuracy and completeness. This essential step helps uncover any discrepancies early, paving the way for a seamless filing process.

Tax Record Verification: We meticulously cross-check the tax credit statement (Form 26AS) Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) to ensure accurate accounting of all tax deductions and collections. This vital step ensures your tax payments and deductions align perfectly with government records.

Return Drafting: After successful verification we prepare a draft of your tax return and send it to you for review. This ensures you're fully informed and satisfied with the calculations and details before the final submission.

Finalizing and Submitting Your Return: After incorporating your feedback and obtaining your consent we finalize your tax return. We ensure that the filing complies with all regulations and is submitted on time. Your active participation at this stage is essential to ensure a smooth and timely submission.

Capital Gains Tax Filing Services

Introduction

Filing capital gains tax can seem overwhelming, particularly for first-time taxpayers.This article will explain all you need to know about capital gains tax filing services, including what capital gains tax is, why e-filing is important, and how to file your taxes online accurately.

What is Capital Gains Tax?

Capital gains tax is levied on the profit earned from selling assets such as property, stocks, or mutual funds. The tax is computed by subtracting the asset's purchase price from its sale price.. This section provides an in-depth explanation of how capital gains tax works and its significance.

Why is E-Filing Important for Capital Gains Tax?

E-filing has become the preferred method for tax submission due to its convenience and accuracy. Not only does it eliminate the hassle of manual filing, but it also reduces the risk of errors and ensures that your taxes are filed correctly and on time. Here, we’ll explore why e-filing capital gains tax returns is essential and the benefits it offers.

Understanding Capital Gains

Short-Term Capital Gains (STCG)

This tax applies to assets sold within a short period (less than 36 months for property and 12 months for stocks and mutual funds). STCG is taxed at a higher rate.

Long-Term Capital Gains (LTCG)

If the item is kept for more than 36 months for real estate and more than 12 months for equities and mutual funds, the gain is considered long-term and is taxed comparatively more frequently with exemptions.

How to E-File Your Capital Gains Tax Return

Now that you have a basic understanding of capital gains tax, here’s a step-by-step guide to e-filing your tax return through capital gains tax filing services:

  • Gather Required Information – Collect documents such as proof of purchase and sale, capital gains details, and any deductions or exemptions you are eligible for.
  • Complete the Required Forms – Select the appropriate form based on your type of capital gain and fill it out correctly. Ensure that all information is accurate.
  • Submit Your Return – Once the form is complete, submit it through the official e-filing portal, ensuring all the necessary information has been entered.

Common Mistakes to Avoid When E-Filing Your Capital Gains Tax Return

While e-filing is a convenient option, it’s important to be aware of common errors that can lead to complications. Here are some mistakes to avoid:

  • Not double-checking details – Ensure that all information is correct, including transaction details, amounts, and deductions.
  • Missing deadlines – Keep track of the filing deadlines to avoid penalties or interest charges.

Conclusion

Capital gains tax filing services make the e-filing process seamless and hassle-free. By following the steps outlined in this guide and avoiding common mistakes, you can file your tax return accurately and on time.

At E-Filing Buddy, we make sure your capital gains income tax return filing is straightforward, accurate, and compliant with all tax regulations. Our experts are here to help you at every stage of the process, ensuring you avoid any issues with the Income Tax Department. Visit E-Filing Buddy today for personalized support.

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