ITR 2 - Capital gain
This query is : Resolved
14 July 2008
Could somebody pl. tell - What does the line as shown below mean (this is a part of capital gain portion in ITR-2
"Other assets for which option under proviso to section 112(1) exercised "
Ajit
"Other assets for which option under proviso to section 112(1) exercised "
Ajit
15 July 2008
'Other Assets' here means the assets other than the Listed Securities or Units or Zero Coupon Bond, the sale whereof has resulted into long term capital gains. Section 112(1) is applicable for long Term Capital Gains arising from sale of Listed Securities or Units or Zero Coupon Bonds.
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