Arrears of Salary, Capital Gains (Shares, Equity, Fixed Assets, Brought Forward Losses). Arrears of Salary with Capital Gains

Who Should Use Our Income Tax Filing Service (Arrears of Salary + Capital Gains)?

✅ Salaried Individuals with Arrears — Employees who have received salary arrears, bonus, or pending dues from the current or previous employers.

✅ Investors with Capital Gains — Individuals earning short-term or long-term capital gains from the sale of shares, mutual funds, equity, or fixed assets such as land, house, or property.

✅ Taxpayers with Brought Forward Losses — Those who want to set off or carry forward their past year’s capital or business losses against current year’s gains.

✅ Professionals & Consultants — Individuals earning both salary arrears and capital gains, including income from freelancing or part-time consulting.

✅ Senior Citizens & Retirees — Pensioners receiving arrears, maturity of investments, or proceeds from sale of long-term assets.

Process:

1️⃣ Document Collection & Review:
Upload your Form-16 (with arrears details), capital gains statements, and property/investment documents. Our experts will review all documents to ensure correctness and completeness.

2️⃣ Income & Capital Gain Computation:
We calculate your total taxable income, segregate arrears under Section 89(1) relief, compute capital gains (short-term/long-term), and apply indexation benefits wherever applicable.

3️⃣ Tax Return Drafting:
A detailed draft ITR is prepared, showing the correct bifurcation of income from salary, arrears, and capital gains. Our expert ensures complete accuracy and compliance with the Income Tax Act.

4️⃣ Filing & Acknowledgment:
Once approved by you, your ITR is filed online with the Income Tax Department. You receive your ITR-V acknowledgment for confirmation.

5️⃣ Post-Filing Support:
We assist in responding to any follow-up or notice from the department, including clarifications related to capital gains or arrears relief, and keep you updated via Email, Phone, or WhatsApp.

Estimated Processing Time

🕒 2–4 Working Days: For salary arrears and capital gains (shares or mutual funds) with standard details.
🕒 4–6 Working Days: For cases involving sale of property, brought forward losses, or complex capital gain computation.

Documents Required (Scanned Copies or Photos)

📄 Form-16 from Employer(s) — Including arrears, bonus, and TDS details.
📄 Form 10E — For claiming relief under Section 89(1) (can be filed through us).
📄 Capital Gains Statement — From broker, mutual fund house, or registrar (e.g., CAMS/KFintech).
📄 Sale & Purchase Deeds — For property or asset transactions.
📄 PAN & Aadhaar Card — Of the individual.
📄 Form 26AS / AIS / TIS — For income and TDS verification.
📄 Investment Proofs / Cost of Acquisition — Original purchase and improvement details for indexation.
📄 Bank Account Details — For refund processing and verification.
📄 Other Deduction Proofs — LIC, PPF, ELSS, medical insurance, etc., under Section 80C/80D..

Frequently asked questions

1️⃣ What is meant by “Arrears of Salary”?
Arrears of salary refer to salary received in the current financial year that pertains to previous years — for example, pending increments, bonuses, or pay revisions. It’s taxable in the year of receipt, but relief under Section 89(1) can be claimed to reduce the tax burden.

2️⃣ How do I claim relief under Section 89(1) for salary arrears?
You can claim relief by submitting Form 10E online before filing your Income Tax Return. This form calculates the tax difference between the year of earning and the year of receipt to grant tax relief. Our experts help you prepare and file Form 10E correctly.

3️⃣ What are Capital Gains, and when are they applicable?
Capital Gains arise when you sell a capital asset such as shares, mutual funds, property, or land for more than its purchase price. These gains are classified as Short-Term or Long-Term based on the holding period of the asset.

4️⃣ How is tax calculated on Capital Gains?
Tax on capital gains depends on the type and duration of holding:

• Short-Term Gains: Taxed as per applicable income tax slab.

• Long-Term Gains: Usually taxed at 10% or 20% (with indexation benefit).
  Our team ensures accurate computation and applies all eligible exemptions (Sections 54, 54EC, 54F, etc.).

5️⃣ What documents are required for filing Capital Gains with Arrears of Salary?
You’ll need:

• Form-16 (with arrears details)

• Form 10E (for relief)

• Capital gain statements (from broker or registrar)

• Sale/purchase deeds for property

• PAN, Aadhaar, and Form 26AS

• Investment proofs and bank details

Our experts verify all documents before computation.

6️⃣ Can I adjust my previous year’s capital losses with current year’s gains?
✅ Yes! If you have brought forward losses from earlier years (up to 8 years), they can be set off against your current year’s capital gains to reduce taxable income. We ensure correct adjustment and reporting in your return.

7️⃣ What if I sold both property and shares in the same year?
That’s perfectly fine — both can be included in a single ITR. Our experts will calculate separate capital gains for each asset class, apply indexation, and claim exemptions accordingly to ensure optimal tax savings.

8️⃣ How long does it take to file a return involving arrears and capital gains?
Usually, the filing is completed within:
🕒 2–4 working days – For standard cases (shares, mutual funds).
🕒 4–6 working days – For property transactions or complex capital gain adjustments.

9️⃣ Do I need to calculate my own capital gains before filing?
No, you don’t have to. Simply upload your broker statement or Form 16A, and our experts will compute your capital gains, apply relevant exemptions, and prepare your return with complete accuracy.

🔟 What are the charges for filing with Arrears of Salary and Capital Gains?
Our expert-assisted filing starts at ₹1499, which includes computation, preparation of Form 10E, and filing your ITR online.
(Charges may vary based on the number of transactions or properties involved.)