long term cap gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2011
Sir,
I am very confused and want to know whether long term capital gain/loss U/S 10(38), on which STT has paid, is necessary to show in ITR-2.if necessary then how to calculate i.e with indexation or without indexation. IN ITR -2 ,if show, in which column.
I am very confused and want to know whether long term capital gain/loss U/S 10(38), on which STT has paid, is necessary to show in ITR-2.if necessary then how to calculate i.e with indexation or without indexation. IN ITR -2 ,if show, in which column.
CA PARAS BAFNA
(Expert)
24 July 2011
You have to show the LTCG exempt U/s 10(38) in ITR -2 , but not in the Schedule CG of Capital Gains.
It is to be shown in Shedule EI , Details of exempt Income against item No 3 of LTCG from Transactions on which STT is paid.
It is to be shown in Shedule EI , Details of exempt Income against item No 3 of LTCG from Transactions on which STT is paid.
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