ITR filing seems complicated especially when you have income from capital gains. However, with a clear understanding of the rules and types of capital gains, you can accurately file your return and maximise tax-saving opportunities. This guide will help you report capital gains correctly and explore tax planning strategies as per the Income Tax Act.
What Are Capital Gains?
Capital gains refer to the profit earned from selling assets such as:
- Real estate (land, houses, etc.)
- Stocks or mutual funds
- Gold, jewellery, and other valuables
- Bonds or financial instruments
