About Wealthsane:
Capital Gain tax filing
If you have sold real estate, mutual funds, shares, etc during the year, in such cases capital gain/capital loss arises which needs to be reported in your IT return filing. If missed, a tax notice will be sent to you. This plan covers your FY23-24 capital gains tax filing.
- Pan India service
- No visits required
- Filed by an expert team of CA
- Max refund assured if eligible
- Trusted by 10,000+ tax filers
Transparent & all-inclusive pricing Plans
PREMIUM
- ₹ 9500 Save 11% ₹ 5499
- Covers Capital Gain tax filing on shares, mutual funds & property
- Income from house property (rental income)
- Salary income
- Income from other sources (F.D, Bank interest, dividend, PPF interest, etc)
- Advance tax payment assistance during the year
- Capital gain consulting throughout the year
STANDARD
- ₹ 5500 Save 9% ₹ 2999
- Covers Capital Gain tax filing on shares & mutual funds both
- Income from house property (rental income)
- Salary income
- Income from other sources (F.D, Bank interest, dividend, PPF interest, etc)
- Tax payment assistance if any
- Guidance on capital gain transactions
BASIC
- ₹ 4000 Save 5% ₹ 2499
- Covers Capital Gain tax filing on property/shares or mutual funds
- Income from house property (rental income)
- Salary income
- Income from other sources (F.D, Bank interest, dividend, PPF interest, etc)
- Tax payment assistance if any
- Guidance on capital gain transactions
Benefits of Income tax filing
Helps in Taking Loans
Banks always demand income tax returns for the last 3 years for loan processing
Refunds
If additional taxes are deducted or paid, return filing will help to take the excess amount back in the form of refunds
Foreign Travel
To process visa for foreign travel, agencies demand income tax returns of the last 3 years
Tax Notice & Penalty
Avoiding income tax filing may lead to unnecessary tax notices & penalties.
More Details on Capital Gains Tax
What is Capital Gains Tax?
Capital gains tax in India pertains to the tax levied on any profits or gains obtained from the sale of a ‘capital asset.’ Essentially, when you sell such an asset and make a profit, that profit is considered as income and is subject to taxation in the fiscal year of the asset’s transfer. This tax, known as capital gains tax, it can be categorized as either short-term or long-term, depending on the duration for which the asset was held before its sale. It’s worth noting that capital gains tax doesn’t apply to inherited properties since there’s no direct transaction involved; rather, it’s a transfer of ownership within the family. The Income Tax Act explicitly exempts all assets received as gifts through inheritance from elders or via a will. However, if the inheritor decides to sell the asset or property, thereby engaging in a monetary transaction, capital gains tax will be applicable.
What are the different capital gain tax rate?
As mentioned above based on the duration of the asset the capital gains tax can be categorized as long term capital gains tax & short term capital gains tax. Here are the different tax rate for different type of assets
| Type | Holding period for Long Term Capital Gains | LTCG (Long term capital gains tax rate) | STCG (Short term capital gains tax rate) | Remark |
|---|---|---|---|---|
| Stocks | >12 months | 10% | 15% | LTCG over and above Rs 1 lac |
| Equity Mutual funds | > 12 months | 10% | 15% | LTCG over and above Rs 1 lac |
| Immovable Property | > 12 months | 20% with indexation benefits | on individual tax slab rate | |
| Gold | > 36 months | 20% with indexation benefits | on individual tax slab rate |
File IT returns for FY 23-24 with us in 4 easy steps
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Securely Pay for the plan you have selected.
Document sharing
Our system will email you the list of documents required to complete your work as per the selected plan.
Expert Connect
Once we receive your documents, our in-house experts will connect with you & start working on your requirements.
Sit back & relax
Your work will be done within the given timelines.
FAQ
I sold ESOPs this year will there be any tax obligation? Also which plan is suitable?
Yes, gains/losses on sale of ESOPs will be treated under the head capital gains. This is the right plan for you.
Can I avoid paying capital gains tax on sale of house property?
Yes, there are ways to avoid paying taxes on sale of house property by investing the gains in government schemes, however the certain rules to be followed. We request you to get in touch with us to understand more about it.
Is capital Gains Tax exempted for senior citizens?
No, senior citizens are not exempted.
Are gains from Crypto Currency taxable?
Yes, Gains from Crypto Currency are taxable in India as of 2024. One has to play flat 30% tax on Gains arising out of Crypto Currency, not considering the applicable surcharge.
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