Entry of LTCL in quarterwise breakup in ITR2

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This discussion addresses issues faced when filing ITR2, specifically regarding the quarterwise breakup of capital gains in Schedule CG. The user encountered problems entering negative capital gains and questioned the taxation of LTCG below the exemption limit. It was advised to enter net positive figures or zero for non-applicable schedules, and to consider filing in September as the income tax portal may still be undergoing corrections.

Sunil Joshi

Sunil Joshi (Querist)

04 August 2021 I have filled the details in ITR2 Schedule CG. I am finding problem with filling details of capital gain in FORM ACCRUED/RECEIVED Quarter wise. I have negative capital gains in all quarter and system is not allowing me to put NEGATIVE value in those fields. Pl advise me. Also my LTCG of Rs. 96000 from sale of Equity shares, though below Rs. 100000 limit, is being taxed at normal rates fully without exemption. Another problem is, that AMT and AMTC schedules, though not applicable, as I am a salary earner in Public Sector, I am unable to deselect.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 August 2021 No need to filling negative details, fill only net positive figures of capital gain in FORM ACCRUED/RECEIVED Quarter wise. Fill zero instead of deselect the schedule.
Income tax portal is under correction file your ITR in September it will be set right by the time.

Sunil Joshi

Sunil Joshi (Querist)

07 August 2021 Thanks a lot sir!

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