Question:
Is Stock investment
made by Individual need to shown in IT Return.?
Answer by My
Reality.in - Your Investment Friend
If the Share investment made by
an individual as a salaried employee need not shown any detail in Income Tax
(IT) return.
But, if the investment is sold
within one year (365 Days) from the date of purchase the short term capital
gain will arise for which the income tax has to be paid.
If any divided is received out of
such investment the dividend is also exempt from tax under section 10 of the
income tax (IT) act.
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