Reporting IPO Gains
Disclose IPO share sale gains in ITR-2 or ITR-3 under Schedule CG.
Include full sales value, deductions, purchase value, and transfer expenses.
Furnish specific details for Long Term Capital Gains in Schedule 112A of the ITR.
Tax Efficiency Tips
Utilize basic exemption limit to offset tax liabilities.
Plan for long-term holding to benefit from lower tax rates.
Seek professional guidance for accurate tax assessment and planning.