Capital gain viz a viz itr 2 (Income Tax)

This query is : Resolved

rohit

( Author )
17 July 2012

I want to fill Capital Gain on Shares in ITR 2?
How to fill such
Again
There are column upto 15/9
16/9 to 15/12

What to do with that?

CA.Sourabh Sethia

( Expert )
18 July 2012

not able to get you
please clarify your issues

rohit

( Author )
19 July 2012

how to fill in capital gain on shares in ITR 2?

CA.Sourabh Sethia

( Expert )
19 July 2012

if your Transaction is STCG then is it covered under 111A if yes
you need to fill
Column No.3
3 Capital gains
a Short term
i Short-term (u/s 111A) (enter nil, if loss) (A5 of Schedule CG) 3ai

for Details of capital Gains
you need to fill from Column no.2
2 From assets in the case of others
a Full value of consideration 2a
b Deductions under section 48
i Cost of acquisition bi
ii Cost of Improvement bii
iii Expenditure on transfer biii
iv Total ( i + ii + iii) biv
c Balance (2a – biv) 2c
d Loss, if any, to be ignored under section 94(7) or
you need not fill Column no.3&6 if you are not having such criteria
just put a slash o their

rohit

( Author )
19 July 2012

At the bottom they request for bifurcation like
upto 15/09
from 16/09 to 15/12
from 16/12 to 15/03
from 16/03 to 31/03

How to calculate this bifurcation i.e., on what basis?

rohit

( Author )
19 July 2012

Again what are the component to be included while computing capital gain?

My contract note contains
Sales Price
Service Tax on Brokerage
STT

Now what are to be included while computing capital gain?

CA.Sourabh Sethia

( Expert )
19 July 2012

give me your full Transaction Details
@
email:- Sourabhj23@gmail.com

I will provide you the Calculation

rohit

( Author )
19 July 2012

Say yaar
Bought at :
1420 Buy Price
20 Service Tax on Brokerage
5 STT
1445 Total

Sold at :
1700 Sale Price
22 Service Tax on Brokerage
6 STT
1728 Total

What component will be included.....

CA.Sourabh Sethia

( Expert )
19 July 2012

if it is LTCG it is exempt U/s 10(38)
directly fill this in
Schedule EI
Column no.3

but if It is STCG

Sale Price will be Rs.1700-22
Rs.1678
Less Cost of Acquistion Rs.1440
(1420+20)
Capital GAins Rs.238/-

CA.Sourabh Sethia

( Expert )
20 July 2012

bifurcation for item
like
Up to 15/9
from 16/9 etc

will depend on your sale date
for eg
if you sold some shares on before 15/9
they will come under up to 15/9 (Up to 15th September and like wise