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Long term capital gain on shares and mutual funds


01 August 2018 A person purchased some shares and mutual funds for Rs 50,000/- (STT paid) in the year 2010. Sold those shares and mutual funds in the year 2017 for Rs 3,00,000/-. As the long term capital gain is fully exempt from tax-- how could I enter the capital gain figures in capital gain schedule of ITR Form ? Or should I write the Long Term Capital Gain i.e. Rs 2,50,000/- in Exempt schedule of ITR directly and need not to enter capital gain figures in Capital Gain shcedule ?

Please suggest the above.


02 August 2018 You have to mention exempt long term capital gains u/s 10(38) under exempt income schedule EI in the column long term capital gain along with the amount.


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