Understanding Capital Gains Tax
STCG (Short-Term Capital Gains) applies to assets held less than 12 months; taxed at 15%. LTCG (Long-Term Capital Gains) applies beyond that; taxed at 10% above ₹1L.
Yes. Reporting losses allows you to carry them forward and offset future gains. This helps reduce your future tax liability.
Use ITR-2 for individuals with capital gains from shares, mutual funds, or property. ITR-3 applies if you have business income as well.