Long term capital gain on shares and mutual funds
This query is : Open
TIMIR KUMAR MUKHERJEE
(Querist)
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.
Please suggest the above.
Miss Mansi Bhojani
(Expert)
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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