banner_ad

Equity ltcg data in itr4 form

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 July 2012 Question: Where do I enter the LTCG data (in the ITR-4 form and CG-OS Tab), arising out of sales of shares in the stock market paying STT?

Background: I have incurred an LTCG in selling of some shares (in the market, paying STT etc.,). From the IT rules, I understand that LTCG arising out of STT- incurred transactions attracts 0% tax. But when I fill the LTCG data in the CG-OS tab in the ITR4 form, the system automatically calculates tax either at 10% or 20% (assuming the LTCG to be non-equity transaction). A Note at the bottom says "enter equity LTCG in the exempt category EI Tab", but if I do that, then set-off with previous year's LTCL does not happen.

So where do I enter this LTCG which, while included in the Income, does not attract any tax (0% tax) ?

Appreciate, as always, the help and guidance provided by you all.

Regards
Kalyanaraman
Profile Image

Naresh Kansala

Profile Image

Naresh Kansala (Expert)
27 July 2012 Kalyanaraman put this LTCG in EI tab... As per IT provisions u we can't set off LTCG or LTCL of securities if stt paid from other LTCG or LTCL...
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
27 July 2012 show it in EI sheet (Exempt income)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details