Ltcg u/s 10(38) necessary to be shown in itr?

subject income needs to reported under exempt income in ITR

@ CA Kunal

Thank You for your reply sir but if i am not wrong then there is no provision under law which make us compulsory to report that exempt income in our ITR.... ??? And if we don't have any provision for this then will there be any consequences if we don't show that exempt income in ITR....???

hey, der r no provisions for certain other things also. if RoI demands something then u need to fill it if its applicable on you. If u dont then u might escape from AO assessment. if u dont, then u never knw what he is upto. Taking risk is nt a gd option in income tax