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Amit

Amit Gupta  | Answer  |Ask -

Answered on Apr 18, 2022

Ketan Question by Ketan on Apr 18, 2022Hindi
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Being a freelance consultant I file ITR3 and 44ADA.

Could you respond to these queries?

a. How do I enter LTCG and STCG for Equity and Debt Mutual funds scheme?

b. Is Indexation applicable to Equity MF redemption – over 12 months?

c. For Equity MF, it asks me to enter in the tab titled Sec112, where it doesn't consider Indexation.

d. For MF, there is no separate tab.

Ans: Please elaborate your query.

:
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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I am a freelance consultant and hence I file ITR3 with 44ADA. My queries: 1. How / where do I enter LTCG and STCG for Equity and Debt Mutual funds scheme? a. Is Indexation applicable to Equity MF redemption – over 12 months? b. For Equity MF, it asks me to enter in the tab titled Sec112, where it doesn't consider Indexation. c. For MF, there is no separate tab. 2. I have sold RSU's in USA? Where do I enter the details? How do I apply indexation to such transactions, since RSUs were held by me over 24 months?
Ans:

1. You need to enter LTCG & STCG of Equity & Debt Mutual funds in the schedule 'Schedule-CG: Computation of income under the head Capital gains' in ITR 3.

a. Indexation Benefit is not applicable to Indian listed Equity or Mutual Fund related instruments. You may avail an aggregate exemption of Rs.1 Lakh in a year towards LTCG from equity funds & listed stocks taken together.

b. In ITR-3, you need to enter under section 112(1): sale of Equity share or unit of equity-oriented fund on which STT is paid.

c. For Equity MF & listed stocks you need to fill details under Schedule 112A. Some of the details required are ISIN Code, Name of the share/Unit, No. of share/Units Sale Price, Fair value of consideration, Cost of acquisition. etc.

2. Your capital gains would be long term and will be taxed at 20% after indexation for inflation (same as unlisted shares since it is not listed on an Indian stock exchange).It may be noted that the capital gain is the difference between the fair market value on exercise and the sale price.It will need to be captured under Schedule CG of the ITR.

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My married ex still texts me for comfort. Because of him, I am unable to move on. He makes me feel guilty by saying he got married out of family pressure. His dad is a cardiac patient and mom is being treated for cancer. He comforts me by saying he will get separated soon and we will get married because he only loves me. We have been in a relationship for 14 years and despite everything we tried, his parents refused to accept me, so he chose to get married to someone who understands our situation. I don't know when he will separate from his wife. She knows about us too but she comes from a traditional family. She also confirmed there is no physical intimacy between them. I trust him, but is it worth losing my youth for him? Honestly, I am worried and very confused.
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