(Shutterstock)The deadline for filing your income tax returns looms large. For financial year 2018-19, the income tax returns need to be filed by July 31 of assessment year 2019-20 if you want to avoid paying a penalty. Capital gains from equityYou either make capital gains or capital losses from your stock market investment. As such, it is necessary to make a clean income tax returns filing with all the necessary declarations. Failing to do so may invite the scrutiny of the income tax separtment.

Source: The Telegraph July 21, 2019 21:22 UTC