New Delhi, Aug. 4 -- In recent years, filing income tax returns (ITR) has become more streamlined, thanks to the income tax e-filing website that automatically fills in details related to salary and interest income. However, for taxpayers with capital gains, particularly from shares and equity mutual funds (MFs), the process remains complex and time-consuming.
This is largely because capital gains reporting often requires scrip-wise disclosure and must be entered in multiple sections of the ITR form. The complexity is further compounded by the annual information statement (AIS), which often contains inaccurate information regarding equity transactions, making it necessary for taxpayers to verify and input the correct data manually.
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