Capital Gains Tax
High volumes of trade in stock markets point to the buoyancy of the Indian economy. Financial intermediaries, foreign institutional investors (FIIs) and retail investors are responsible for the large flux of capital.
A number of trade facilitating processes and institutions have evolved around the markets. The aim is to bring accuracy in handling transactions and ensure compliance with legislations and regulations.
BMR Managed Services (BMS) offerings in the area of capital gains tax include maintaining details of FIIs, sub-accounts, custodians, depository participants and scrips traded in, handling purchase and sale transactions in shares, mutual funds, derivatives and debentures, computing the taxable income, exemptions, liability with set-offs wherever applicable and generating payment instruments and returns.
Our services are woven around our specialized software and bring to clients the value proposition of applying their tax positions in every transaction.
The services we offer to FIIs and custodians are:
A number of trade facilitating processes and institutions have evolved around the markets. The aim is to bring accuracy in handling transactions and ensure compliance with legislations and regulations.
BMR Managed Services (BMS) offerings in the area of capital gains tax include maintaining details of FIIs, sub-accounts, custodians, depository participants and scrips traded in, handling purchase and sale transactions in shares, mutual funds, derivatives and debentures, computing the taxable income, exemptions, liability with set-offs wherever applicable and generating payment instruments and returns.
Our services are woven around our specialized software and bring to clients the value proposition of applying their tax positions in every transaction.
The services we offer to FIIs and custodians are:
- Generation of payment instruments (challans) and returns (for corporate and non-corporate assessees)
- Generation of remittance certificates
- Computation of taxable income for short and long term gains
- Computation of capital gains tax liability by taking into account:
- Dividend and bonus stripping
- Accumulated losses
- Tax deducted at source
- Advance tax paid
Contact UsBobby Parikh
D + 91 22-3021 7010
T + 91 22-3021 7000
F + 91 22-3021 7070
D + 91 22-3021 7010
T + 91 22-3021 7000
F + 91 22-3021 7070
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