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Long Term Capital Gain on Shares

This query is : Resolved 
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(Querist)
25 March 2010 I have long term capital gain on sales of shares as only source of income. The LTCG is exempt in case of shares.

Pls advice how do i represent the same in ITR II ? Wheter i shoow as long term capital gaim under computation of Capital Gain or straight away show as exempt income on the last page mentioned.

Kindly adive how do i fill my income tax form for the same

Thanks
Prakash Mohta
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CA Archana

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CA Archana (Expert)
25 March 2010 First you should show the income as LTCG and then show the same as exempted income.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 March 2010 agree with expert
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