Add Income from Capital Gain
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Created by: Shrutika Shah
Modified on: Wed, 6 Apr, 2022 at 4:15 PM
Any profit or gain earned by transferring a capital asset that is held for investment shall be taxable under this head.
Capital Gain Income includes details of the proceeds earned from the sale of:
Securities
House properties
Any other capital assets
The Capital Gain is taxable in the year in which the capital asset is transferred.
On Quicko, you can add capital gains in the form of:
Importing stocks/MF's from various brokers
By entering sale data of immovable property
By entering sale data of any other assets
To Import trades from Stocks/MF's
In the Filing tab, navigate to INCOMES > CAPITAL GAIN from the sidenav
Click on IMPORT INVESTMENT under Did You Invest in Stocks/MF's
Click on the broker under Import using integration from which you want to import trades from
Click on Import using excel > Quicko's template, in case the broker integration is not available
To Import trade from Stocks/MF's Manually
In the Filing tab, navigate to INCOMES > CAPITAL GAIN from the sidenav
Click on ADD MANUALLY under Did You Invest in Stocks/MF's
Enter the various details required here:
Asset type
Description/Symbol
Quantity
Purchase & Sale Date
Purchase & sale Price
Transfer Expenses
Click on Save
To add sale data of Immovable Property
In the Filing tab, navigate to INCOMES > CAPITAL GAIN from the sidenav
Click on Did you sell Immovable Property
Enter the various details required here:
House Property Details: Address
Sale Details: Date & Price
Buyer Details (Optional)
Renovation/ Addition Details (Optional)
Capital Gain Deductions (If applicable)
Click on Save
To add sale data of Other Assets
In the Filing tab, navigate to INCOMES > CAPITAL GAIN from the sidenav
Click on Did you sell Other Assets
Enter the various details required here:
Description of the Asset
Sale Details: Date & Price
Renovation/ Addition Details (Optional)
Click on Save
Tip: When you click on Yes for the optional details, you can claim deductions for various expenses.
Shrutika is the author of this solution article.
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