Taxes Income Taxes

Capital Gains

Capital Gains

Requirements for filling returns of income

Asst. Year : 2011-12 (financial year 01-04-2010 to 31-03-2011)

  1. Nature, address of the  asset sold
  2. Period of ownership of the asset sold
  3. Date of acquisition of asset sold
  4. Consideration paid for acquisition of the asset sold
  5. Consideration received on sale of the asset
  6. Consideration in dispute/ settled
  7. Long term capital gains ( 36 months for any asset and 12 months for shares, mutual funds) Indexation benefit available.
  8. The purpose of sale ( for acquisition of any asset)
  9. Deposit in Capital Gains Account Schemes.
  10. Usage of Capital gains Account scheme
  11.  TDS, TAN no. of the deductee
  12. Advance Taxes paid
  13. Tax paid details along with challan No. Bank, Branch with BSR and MICR code
  14.  LIC premiums paid: Name of the Company, Policy No. Date of payment, along with sum assured.
  15. Provident Fund  (direct payment)
  16. Children School fee (tution fee only)
  17. Housing Loan repayment ( principal and Interest separately)
  18. Residence in own house/ rented house property
  19. Other savings with Nos. and Date of payment
  20. Infrastructure Bonds – Date of Payment
  21. Health insurance – evidence
  22. Dependent parents medical expenses along with evidence of expenditure
  23. Donations with evidence, Name and PAN No. of Institution, exemption certificate validity
  24. National Savings Certificates, Interest accrued thereon.
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