Help required for for efiling of ITR 2

Save Share

This query is : Open

Debasish Pramanick (Querist)

15 February 2018 I m filing ITR 2 for F.Y. 15-16 for having 1 lakh rupees STGC from share maket trading. I have no other income. So inspite of having non taxable income it shows me 15000/- of income tax at special rate. is there no benefit for STGC not excedding Rs 250000/-?

Anand

Anand (Expert)

15 February 2018 it is available. click on calculate tax and try again

Debasish Pramanick

Debasish Pramanick (Querist)

16 February 2018 I m computing the sale value (full consideration) as rs 200000/- and cost of aquisition as rs 100000/- under column stgc u/s 111A of CG schedule which shows me 100000/- STGC and shows me 15000/- tax at special rate. do I have done any mistake ? if not then why it shows tax liability inspite of not exceesing 250000/-?

Anand

Anand (Expert)

16 February 2018 Fill up Schedule CG - Point No. 2 (1) Sale of Equity Share or unit of equited oriented fund on which stt is paid. In the drop down select under section 111A[for others]
On the bottom of that page, item F provide information about the accrual/receipt of capital gains. Enter the amounts under F(1)
I just did this in AY 2016-17 ITR2 Java Utility that i just downloaded dated 14.02.2018
It is not showing a tax liability for STCG income of Rs. 1,00,000/-
Please try accordingly and let me know if you succeed.

Message likes : 1 times

Debasish Pramanick

Debasish Pramanick (Querist)

16 February 2018 okay sir and thank you so much

Debasish Pramanick

Debasish Pramanick (Querist)

26 February 2018 Anand Ji should I follow the same procedure if the Assessee is NRI? And also plz suggest me which column should I use to show LTCG from sale of share? Plz help

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now