Does mention of Purchase of Capital gain (when sold it in month time is needed in ITR2 filing)
This query is : Resolved
Manoj Kumar
(Querist)
27 December 2023
Dear Sir
I purchased Stock\Shares of large price (qualified as "High Value Transaction") in June 2022 and sold all of them after 1 month in July 2022.
While filing ITR2 i forgot to choose "Purchase of securities and units of mutual funds" category but only filled "Sale of securities and units of mutual fund" category
my question is : Do i need to refile an updated ITR2 or just mentioning sell details in Short term capital gains is sufficient?
Any information will be appreciated
Kind Regards
Rakesh
I purchased Stock\Shares of large price (qualified as "High Value Transaction") in June 2022 and sold all of them after 1 month in July 2022.
While filing ITR2 i forgot to choose "Purchase of securities and units of mutual funds" category but only filled "Sale of securities and units of mutual fund" category
my question is : Do i need to refile an updated ITR2 or just mentioning sell details in Short term capital gains is sufficient?
Any information will be appreciated
Kind Regards
Rakesh
CA R SEETHARAMAN
(Expert)
27 December 2023
Sell details given in ITR.
That means you should have given purchase details also and paid tax on short term capital gains.
If not file revised return before 31st December 2023 and pay taxes on capital gains.
That means you should have given purchase details also and paid tax on short term capital gains.
If not file revised return before 31st December 2023 and pay taxes on capital gains.
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