Our Best Services
File Your
Capital Gains Return in Coimbatore
Capital gains are profits that result from the sale of capital assets such as stocks, real estate, mutual funds, etc. In India, capital gains are subject to taxation under the Income Tax Act, and it is essential to accurately calculate and report them to the tax authorities.
At Future Tax, we specialize in assisting individuals and businesses in filing their capital gains in India. Our expert guidance and assistance ensure that you optimize your returns while minimizing tax liabilities.
Filing your capital gains is essential for several reasons:
Legal Compliance:Fulfill your legal obligation to report capital gains and pay taxes on them.
Optimize Returns: Maximize your returns by accurately reporting capital gains and claiming eligible exemptions and deductions.
Avoid Penalties: Avoid penalties and legal consequences for non-compliance with capital gains tax regulations.
Track Investment Performance: Gain insights into the performance of your investments over time.
Required
Documents
for Capital Gain Filing
Purchase Records:
Documentation of the original purchase price of the asset, including purchase agreements, receipts, and invoices. These records establish the cost basis for calculating capital gains.
Sale Records:
Proof of the sale of the asset, including sales agreements, closing statements, and transaction receipts.
Brokerage Statements:
Comprehensive statements from brokerage accounts detailing all transactions, including purchases, sales, and associated fees.
Receipts for Improvements (if applicable)
Documentation of any improvements or significant maintenance costs incurred on the asset during ownership.
Steps for
Capital Gain Filing:
01.
Free Consultation
Contact us for a free consultation to discuss your tax filing needs and objectives
02.
Data Collection
Provide necessary data such as sale proceeds, cost of acquisition, and holding period of capital assets
03.
Capital Gain Calculation
Our experts calculate capital gains accurately as per applicable tax laws.
04.
Return Preparation
We prepare and file your capital gain returns electronically with the Income Tax Department.
05.
5. Tax Planning
Implement tax planning strategies to minimize tax liabilities on capital gains.
How it
Works
Purchase of an Asset:
When you buy an asset, such as stocks, bonds, real estate, or precious metals, you establish a cost basis. This includes the purchase price plus any transaction fees or acquisition costs.
Appreciation:
Over time, the value of the asset may increase due to market conditions, improvements, or other factors. The difference between the selling price and the original cost basis is known as the capital gain.
Taxation:
In many countries, including the United States, capital gains are subject to taxation. The tax rate depends on factors such as your income level, filing status, and whether the gain is short-term or long-term.
Reporting
Capital gains and losses are reported on your tax return. You typically need to report each transaction on IRS Form 8949 (in the US) and summarize the totals on Schedule D.
Full Control
Enjoy complete control over your business decisions.
Tax Benefits
Benefit from personal tax rates as income is considered the owner's income.
Easy to Start
Minimal regulatory requirements make it easy to start.
Low Compliance
Fewer compliance requirements compared to other business structures.
Benefits Of
Capital Gain Filing
• Legal Compliance
Filing business taxes ensures compliance with tax laws and regulations, helping businesses avoid legal issues, penalties, and audits. It demonstrates the business's commitment to following legal standards and maintaining transparency in financial reporting.
• Financial Transparency
Properly documenting capital gains and losses provides a clear financial record, which is essential for financial planning, securing loans, or applying for certain benefits.
• Asset Management:
Tracking capital gains helps you assess the performance of your investments accurately. This information is valuable for making informed decisions about buying, selling, or holding onto assets.
• Avoiding Future Issues:
Accurate reporting and payment of capital gains taxes can prevent future audits or disputes with tax authorities, ensuring peace of mind regarding your financial affairs.
Additional Services
List of Our Services
PAN and TAN Application:
- Obtain your Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Accounting and Bookkeeping:
- Keep your financial records in order with our expert services.
Compliance Services:
- Ensure your business complies with all legal requirements.
Trademark Registration:
- Protect your brand with trademark registration.
Contact Us
Drop Us a Line
Send us your messages and inquiries effortlessly through our contact form.
