Capital Gains 2008-09

4:01 PM
Deductions under Capital Gains

You should provide data in this section if you have sold any of the following Capital assets -

-House property
-Securities (Equity stock, Debentures, Mutual Fund Investments, Zero coupon Bonds)
-Others – Agricultural land, Gold, Silver


Ascertain the type of Gain/Loss
The period of holding of your property determines the type of capital gain/ loss you have made.

Type of Asset Short Term Long Term
House property Held for less than 3 years Held for more than 3 years
Securities Held for less than 1 year Held for more than 1 year
Others Held for less than 1 year Held for more than 1 year


Computation of Gain/ Loss

a.Net Sales Value = (Sales Price less the cost incurred for sale)
b.Purchase price = (Purchase Price plus any other expenses incurred for purchase- indexed by the year of expense)
c.Profit / Loss (a-b)

Courtesy - Popular Sites

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