1.25 lakh exemption in LTCG on equity not getting reflected in ITR
This query is : Resolved
16 August 2025
while using ITR on efiling web site, 1.25 lakh is not getting reduced from total LTCG. Full amount of LTCG is shown in schedule SI and 10% and 12.5% tax is calculated on full amount.
e.g.
On LTCG of 4 lakh ( as shown in sch 112A) , tax on 2 lakh @ 10% is shown as 20000 and on 2 lakh @ 12.5% as 25000. The total of 45000 is carried to tax due. 1.25 lakh is not reduced from 4 lakh.
please advise if I am making any mistake in filing
e.g.
On LTCG of 4 lakh ( as shown in sch 112A) , tax on 2 lakh @ 10% is shown as 20000 and on 2 lakh @ 12.5% as 25000. The total of 45000 is carried to tax due. 1.25 lakh is not reduced from 4 lakh.
please advise if I am making any mistake in filing
16 August 2025
We do not find any such difficulty in offline java utility. The tax liability in Schedule SI will get reduced from 2 lakhs at 12.5%. so the net tax liability should be over 75K* 12.5% (plus 20000 over 10% LTCG).
Check offline utility. It is working fine.
Check offline utility. It is working fine.
23 September 2025
Good luck....
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