The income from the sale of shares and mutual funds is classified under "Capital Gains" as short-term capital gains or long-term capital gains, based on the period of holding.
If you have very minimal trades and your broker has not partnered with Quicko, you can manually the capital gains trades manually on Quicko, follow these steps:
- Navigate to Incomes > Capital Gains tab
- Click on Add Manually under "Did you invest in Stocks/MF?"
- Next, to add details of Shares/Mutual Funds sold, select Asset Type, add Description/ Symbol of the security along with the Quantity, Purchase and Sales date, Purchase and Sales price and if applicable, claim Transfer Expenses paid
- Once you have added trades click Save & Continue