Itr-4

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CA Sweta (Querist)
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04 March 2014 I am preparing ITR-A using excel utility provided on income tax website. I have short term capital gain u/s 111A.but while giving break up for this capital gain upto 15/06,15/09 etc.,in STCG u/s 111A UPTO 15/06 is Rs.-9000.in break up details negative figures are not allowed to enter.so where to enter this figure??

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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04 March 2014 In that schedule negative figures are not accepted.

Actually that details required to provide for the purpose of computation of Advance tax payment liability. So with out having profit you need not to pay any advance tax or tax.

So you mention only net profit in the period when first you earned net profit.

For your understanding following example:

If you have short term capital loss upto 15/6 is Rs.-9000 and from 16/6 to 15/9 you have short term capital gain of Rs.10000 means by 15/9 you earned Rs.1000 net gain. So at 15/9 you mention Rs.1000 only. it is sufficient.

I think with the help of above example you can understand how did that schedule has to fill. Still if you have any doubt then please post your query for clarification.

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